Which of the Following Is Deductible as a Trade or Business

question 152

Multiple Choice

Which of the following is deductible as a trade or business expense?

• A)A city coroner contributes to the mayor's reelection campaign fund.
• B)Illegal bribes and kickbacks paid to a Federal government employee by a corporate executive.
• C)Two-thirds of treble damage payments.
• D)Fines and penalties paid by a trucking firm for excessive weight and speeding.
• E)None of the above.

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Definitions:

Prematurely

Occurring or done before the usual or proper time; too early.

Developmental Psychologist

A professional who studies the psychological growth of individuals, including cognitive, emotional, and social development, throughout different stages of life.

Older

Referring to individuals or entities that have existed for a significant period of time, often implying greater experience, maturity, or age compared to others.

Changes

The act or process through which something becomes different, often leading to new directions in life, behavior, or operation.