Jimmy Owns a Trucking Business

question 105

Multiple Choice

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?

• A)$115,000
• B)$123,000
• C)$108,000
• D)$144,000

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