Which of the following payments are deductible? I. Wilcox pays $1,000 to run an add in the program of the state Independent Party convention Wilcox is in the construction business. In January, he sends his chief financial officer to II. III. Washington, D.C., to monitor current legislation affecting the real estate industry. Expenses totaled $2,100. In March, Wilcox personally travels to Washington, D.C., to testify before the banking subcommittee on the effects of proposed legislation on the construction industry. Expenses totaled $2,300.
A) Only statement I is correct.
B) Only statement II is correct.
C) Only statement III is correct.
D) Statements II and III are correct.
E) Statements I and II are correct.

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The Answer of Which of the following payments are deductible? I. Wilcox pays $1,000 to run an add in the program of the state Independent Party convention Wilcox is in the construction business. In January, he sends his chief financial officer to II. III. Washington, D.C., to monitor current legislation affecting the real estate industry. Expenses totaled $2,100. In March, Wilcox personally travels to Washington, D.C., to testify before the banking subcommittee on the effects of proposed legislation on the construction industry. Expenses totaled $2,300.
A) Only statement I is correct.
B) Only statement II is correct.
C) Only statement III is correct.
D) Statements II and III are correct.
E) Statements I and II are correct.

Which of the Following Payments Are Deductible? I