Jimmy owns a trucking business. During the current year he incurred the following: What is the total amount of deductible expenses?
A) $115,000
B) $123,000
C) $108,000
D) $144,000

Name: Jimmy owns a trucking business. During the current year he incurred the following: What is the total amount of deductible expenses? A) $115,000 B) $123,000 C) $108,000 D) $144,000
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Question

Jimmy owns a trucking business. During the current year he incurred the following:  What is the total amount of deductible expenses?
A) $115,000 
B) $123,000 
C) $108,000 
D) $144,000

Quizplus · Accepted Answer

Bribes and fines are not deductible. $100,000 + $15,000 = $115,000.

Jimmy Owns a Trucking Business