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Author Question: Pat, an insurance executive, contributed $1,000,000 to the re-election campaign of Governor ... (Read 51 times)

dollx

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on: Sep 13, 2020

Question 1

Jimmy owns a trucking business. During the current year he incurred the following:



The fines for speeding were a necessary cost because missing deadlines would cause lost business and are ordinary in the industry. What is the total amount of deductible expenses?
◦ $115,000
◦ $123,000
◦ $108,000
◦ $144,000

Question 2

Pat, an insurance executive, contributed $1,000,000 to the re-election campaign of Governor Stephens, in hopes that Stephens will appoint her to a coveted position on the State Board of Insurance.  How much of the contribution can Pat deduct?
◦ $0
◦ $100,000
◦ $500,000
◦ $1,000,000
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by dollx on Sep 13, 2020

Sweetkitty24130

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dollx

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Reply 2 on: Sep 13, 2020
Excellent

tandmlomax84

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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