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American Healthcare (AH),an Insurance Company,is Trying to Persuade Congress to Enact

Question 47

Multiple Choice

American Healthcare (AH) ,an insurance company,is trying to persuade Congress to enact nationwide anti-smoking legislation.As part of this effort,AH paid $500,000 to hire a lobbying firm to discuss its concerns with members of Congress.AH also contributed $100,000 to candidates for political office who support limiting public smoking.What amount of these expenditures can AH deduct?


A) $0
B) $100,000
C) $500,000
D) $600,000

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