Jimmy owns a trucking business. During the current year he incurred the following:Gasoline and oil$100,000Maintenance$15,000Fines for speeding $8,000Bribes to government inspection officials$21,000The fines for speeding were a necessary cost because missing deadlines would cause lost business and are ordinary in the industry. What is the total amount of deductible expenses?
A. $144,000
B. $123,000
C. $108,000
D. $115,000
Answer: D
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