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:

Positive

Defined by having certain features or qualities, rather than lacking them.

Choices

The act of selecting between two or more possibilities.

Happiness

An emotional or mental state characterized by feelings ranging from contentment to intense joy, reflecting a positive emotional condition.

Increase

A rise or growth in quantity, size, strength, or another measure.