A client operates a small business organized as a C corporation. The client wants to know how certain deductible items are treated for tax purposes by a business. The business generates sufficient income, and a full deduction of any item would not generate a net loss. Select from the option list provided the allowable deduction for each item below. Each choice may be used once, more than once, or not at all. A B 1 Item Allowable Deduction 2 Vacation home rented out for only 10 days 3 Payments to owners for services rendered 4 Payments for health insurance for owners 5 Business meals expenses 6 Political contributions 7 Business gifts