Illegal Bribes and Kickbacks Are Not Deductible as Business Expenses

question 128

True/False

Illegal bribes and kickbacks are not deductible as business expenses but fines imposed by a governmental unit are deductible as long as the fines are incurred in the ordinary course of business.

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Definitions:

VPN

Virtual Private Network, a service that creates a secure, encrypted connection over a less secure network, such as the Internet.

SSO

Single Sign-On, an authentication process that allows a user to access multiple applications with one set of login credentials, simplifying the management of usernames and passwords.

TPM

Trusted Platform Module, a specialized chip on an endpoint device that secures hardware through integrated cryptographic keys.

Regedit

A Windows utility that can modify and back up the registry.