Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year:
Rent ......................................................... $ 24,000
Bribes ....................................................... 40,000
Travel expenses ........................................... 4,000
Utilities...................................................... 18,000
Wages ...................................................... 230,000
Payroll taxes................................................ 13,800
Property insurance.......................................... 1,600
Illegal kickbacks............................................ 22,000
What are Vella's total deductible expenses for tax purposes?