Wednesday, 20 November 2019

John operates an illegal business and incurred the following expenses

John operates an illegal business and incurred the following expenses

salaries expense. $50,000
bribes to public officials. 10,000
cost of goods sold. $17,000
rent expense. $20,000


What would be the amount that reduced johns taxable invome?

$50,000

$60,000

$87,000

97,000

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