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:

Children's Defense Fund

An organization that advocates for policies and programs to ensure children's well-being, focusing on those in disadvantaged situations.

Low-income Babies

Infants born into families with earnings below the nationally defined poverty threshold.

Development

The process of growth or advancement, often involving physical, emotional, or intellectual improvements.

Inclusion Programs

Initiatives designed to ensure the participation and representation of diverse groups in educational or social settings.