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2 questions please and thank you!!! Which of the following is true about Section 162 deductible business expenses? Check all that apply. Check All That

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Which of the following is true about Section 162 deductible business expenses? Check all that apply. Check All That Apply In order to be deductible under Section 162, the expense must be ordinary. In order to be deductible under Section 162, the expense must be necessary. A taxpayer may deduct Section 162 business expenses as an itemized deduction, A taxpayer can deduct illegal bribes under Section 162. A taxpayer can deduct hobby expenses under Section 162. Maria is looking to donate one of the following items to charity in the current year: 1. Shares of Disney stock worth $100,000. Maria purchased the shares years ago for $200,000. 2. Shares of Clorox stock worth $100,000. Maria purchased the shares years ago for $20,000. Which of the following is most accurate? Multiple Choice From a tax perspective, Maria should donate the Disney shares because she purchased them for $200,000 From a tax perspective, Maria should donate the Clorox shares because she could avoid paying taxes on the gain built into these shares. From a tax perspective, Maria should donate the Clorox shares because they would result in a higher tax deduction than the Disney shares. From a tax perspective, Marla should donate the Disney shares because they would result in a higher tax deduction than the Clorox shares

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