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    Calculating amount of deductible expenses

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    Jimmy owns a trucking business. During the current year he incurred the following:

    Gasoline and Oil $ 100,000
    Maintenance $ 15,000
    Fines for Speeding and Illegal parking $ 8,000
    Bribes to Government Inspection Officials $ 21,000

    What is the total amount of deductible expenses?

    A. $108,000
    B. $115,000
    C. $123,000
    D. $144,000

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    https://brainmass.com/business/accounting/calculating-amount-of-deductible-expenses-545864

    Solution Summary

    This solution provides the correct answer with explanation to the total amount of deductible expenses question listed.

    $2.19

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