Jimmy Owns a Trucking Business

question 1733

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 ordina industry. What is the total amount of deductible expenses?

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

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Definitions:

Color Blind

A condition characterized by the inability to see colors in the usual way, affecting the perception of colors.

Humans

Members of the species Homo sapiens, characterized by their ability to use complex language, reason, and create complex social structures.

Color Blind

A condition in which a person is unable to distinguish certain colors or sees colors differently due to a lack of one or more types of color receptors in the eyes.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.