Linda operates an illegal gambling operation and incurs the following expenses. Which of these expenses can reduce

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Linda operates an illegal gambling operation and incurs the following expenses.
Which of these expenses can reduce her taxable income?
a. Bribes paid to city employees.
b. Salaries to employees.
c. Security cameras.
d. Kickbacks to police.
e. Rent on an office.
f. Depreciation on office furniture and equipment.
g. Tenant's casualty insurance.
h. Utilities.
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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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