Question: Exercise 6-29 (Algorithmic) (LO. 3) Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the

Exercise 6-29 (Algorithmic) (LO. 3) Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year: Rent Bribes Travel expenses Utilities Wages Payroll taxes Property insurance Illegal kickbacks $44,500 66,750 4,450 26,700 253,000 22,250 2,225 40,050 What are Vella's total deductible expenses for tax purposes

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