1. To what extent (if at all) are the following payments deductible?

1. Abel, who recently recovered from a serious illness, gives $500 to the hospital in which he was treated and $500 to each of the nurses who cared for him;

1. Col paid $100,000 in a lump sum for rental of his business premises for the next three (3) years.

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The deductibility of payments depends on various factors including the nature of the ... View the full answer