Which of the Following Items, If Any, Is Deductible

question 36

Multiple Choice

Which of the following items, if any, is deductible?

• A)Parking expenses incurred in connection with jury duty-taxpayer is a dentist.
• B)Substantiated gambling losses (not in excess of gambling winnings) from state lottery.
• C)Contributions to mayor's reelection campaign.
• D)Speeding ticket incurred while on business.
• E)Premiums paid on personal life insurance policy.

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Definitions:

Career

The progression of an individual's work experiences and advancements over time in a particular field or occupation.

Effective

Producing the intended or desired result with efficiency.

Jeffrey Wigand

A whistleblower in the tobacco industry known for exposing corporate practices concerning the addictive nature and health effects of cigarettes.

Whistle-blowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.