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:

Pitch Cone

The imaginary cone that defines the pitch surface of conical gears or screw threads, where the common vertex of the gear teeth or threads would converge.

Cone Angle

The angle formed between the outer surfaces of a cone, measured at its widest part.

Bevel Gears

Gears designed with angled teeth so they can transmit motion between intersecting shafts, typically at a right angle.

Intersecting Shafts

Shafts that cross each other at any angle other than 90 degrees, often requiring special joint or coupling to transmit power.