Which of the Following Is a True Statement

question 82

Multiple Choice

Which of the following is a True statement?

• A) Interest expense is not deductible if the loan is used to purchase municipal bonds.
• B) Insurance premiums are not deductible if paid for "key man" life insurance.
• C) One half of the cost of business meals is not deductible.
• D) All of these choices are True.
• E) None of the choices are True.

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