14. Which of the following statements is true? a. Illegal bribes and kickbacks are deductible if related to the taxpayer's trade or business. b. Hobby expenses are deductible for AGI. C. Costs incurred in connection with the issuance of stock or securities do not qualify as start-up costs. d. Sec. 162 expenses are deductible from AGI. e. None of the answers provided is correct. 15. Which of the following statements is true? a. An item is deductible if either it is the taxpayer's liability or the taxpayer pays the liability. b. If a stock becomes worthless the taxpayer cannot deduct the loss since it was not sold at a loss. c. The holding period for a stock received as a nontaxable stock dividend starts on the day of receipt of the stock dividend. d. If you receive nontaxable stock rights for which you have allocated basis and allow them to expire, you have a tax-deductible loss. e. None of the answers provided is correct