Question

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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  • CreatedMay 25, 2015
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