1.

A $1,000 political contribution given to a presidential candidate would be a deductible expense for a sole proprietor.

Group of answer choices

True

False

2.

C corporations are separate taxable entities subject to Federal income tax.

Group of answer choices

True

False

3.Casualty losses are fully deductible regardless of whether the property is put to personal or business-use.

Group of answer choices

True

False