The 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?

Jimmy owns a trucking business. During the current year he incurred the following:







A) $115,000

B) $123,000

C) $108,000

D) $144,000


A) $115,000

Bribes and fines are not deductible. The gasoline and maintenance costs are allowed. $100,000 + $15,000 = $115,000.

Business

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