Tom operates an illegal drug-running operation and incurred the following expenses: Which of the above amounts reduces his taxable income?
A) $0.
B) $160,000.
C) $279,000.
D) $324,000.
E) None of the above.

Question

Tom operates an illegal drug-running operation and incurred the following expenses:  Which of the above amounts reduces his taxable income?
A) $0. 
B) $160,000. 
C) $279,000. 
D) $324,000. 
E) None of the above.

Quizplus · Accepted Answer

The Answer of Tom operates an illegal drug-running operation and incurred the following expenses:  Which of the above amounts reduces his taxable income?
A) $0. 
B) $160,000. 
C) $279,000. 
D) $324,000. 
E) None of the above.

Tom Operates an Illegal Drug-Running Operation and Incurred the Following