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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) $115,000

B) $123,000

C) $108,000

D) $144,000

Accounting Basics, Accounting

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  • Reference No.:- M945828

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