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  3. Study Set
    Fundamentals of Taxation
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    Exam 6: Self-Employed Business Income Line 12 of Form 1040 and Schedule C
  5. Question
    Which Expenses Incurred in a Trade or Business Are Deductible
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Which Expenses Incurred in a Trade or Business Are Deductible

Question 60

Question 60

Multiple Choice

Which expenses incurred in a trade or business are deductible?


A) Fines and penalties.
B) Bribes.
C) Political lobbying expenses.
D) Supplies expenses.

Correct Answer:

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