Which of the following may be deductible?
A)Bribes that relate to a U.S. business.
B)Fines paid for violations of the law.
C)Interest on a loan used in a hobby.
D)All of the above.
E)None of the above.

Name: Which of the following may be deductible? A)Bribes that relate to a U.S. business. B)Fines paid for violations of the law. C)Interest on a loan used in a hobby. D)All of the above. E)None of the above.
Brand: Quizplus
Rating: 5.0 (21 reviews)

Question

Quizplus · Accepted Answer

Interest on a loan used in a hobby is deductible up to the amount of hobby income.

Which of the Following May Be Deductible