Ordinary and Necessary Business Expenses, Other Than Cost of Goods

question 6

True/False

Ordinary and necessary business expenses, other than cost of goods sold, of an illegal drug-trafficking business do not reduce taxable income.

---

Definitions:

Mass

A measure of the amount of matter in an object, typically in kilograms or grams, independent of its volume or any forces acting on it.

Mole

A basic unit of measure in chemistry that represents a quantity of chemical substance containing approximately 6.022 x 10^23 particles, atoms, molecules, ions or electrons.

Silver

A precious metal with the chemical symbol Ag and atomic number 47, known for its conductivity and antibacterial properties.

Mass

A property of physical matter which determines the strength of its mutual gravitational attraction to other bodies and its resistance to being accelerated by a force.