Which of the Following Expenses Is/are Deductible

question 9

Multiple Choice

Which of the following expenses is/are deductible?
I.Transportation and lodging expenses of $3,000 incurred to monitor state legislation that may affect the taxpayer's business.
II.Lobby expenses of $300 during the year to influence local town legislators to support pro-business legislation.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Milieu

The physical or social setting in which people live or in which something happens or develops.

Observation

The act of monitoring or noting phenomena as they occur in a scientific or clinical context to gather data or make assessments.

Systolic Blood Pressure

The pressure in the arteries when the heart beats, noted as the higher number in a blood pressure reading.