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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.


Definitions:

Reproductive Potential

The biological capability of an individual or species to produce offspring, contributing to the genetic diversity of a population.

Erotic Plasticity

The degree to which an individual's sex drive can be changed by social, environmental, and situational factors.

Fraternal Birth-Order Effect

The observation that a man is more likely to be homosexual the more older brothers he has from the same mother.

Older Brothers

Typically refers to male siblings who are born before other children in a family, often associated with roles of protection, mentorship, and influence in the sibling relationship.

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