Question: Indicate the amount ( if any ) that Josh can deduct as an ordinary and necessary business deduction in each of the following situations. Note:
Indicate the amount if any that Josh can deduct as an ordinary and necessary business deduction in each of the following situations.
Note: Leave no answers blank. Enter zero if applicable.
c This year Josh paid $ to employ the mayor's son in the business. Josh would typically pay an employee with these responsibilities about $ but the mayor assured Josh that after his son was hired, some city business would be coming his way.
Indicate the amount if any that Josh can deduct as an ordinary and necessary business deduction in each of the following situations.
Note: Leave no answers blank. Enter zero if applicable.
c This year Josh paid $ to employ the mayor's son in the business. Josh would typically pay an employee with these responsibilities about $ but the mayor assured Josh that after his son was hired, some city business would be coming his way.
Indicate the amount if any that Josh can deduct as an ordinary and necessary business deduction in each of the following situations.
Note: Leave no answers blank. Enter zero if applicable.
c This year Josh paid $ to employ the mayor's son in the business. Josh would typically pay an employee with these responsibilities about $ but the mayor assured Josh that after his son was hired, some city business would be coming his way..
c This year Josh paid $ to employ the mayor's son in the business. Josh would typically pay an employee with these responsibilities about $ but the mayor assured Josh that after his son was hired, some city business would be coming his way.
Indicate the amount if any that Josh can deduct as an ordinary and necessary business deduction in each of the following situations.
Note: Leave no answers blank. Enter zero if applicable.
c This year Josh paid $ to employ the mayor's son in the business. Josh would typically pay an employee with these responsibilities about $ but the mayor assured Josh that after his son was hired, some city business would be coming his way.
a Josh borrowed $ from First State Bank using his business assets as collateral. He used the money to buy City of Blanksville bonds. Over the course of a year, Josh paid interest of $ on the borrowed funds, but he received $ of interest on the bonds.
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