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ABC Inc. incurred the following expenses: Printing and advertising costs for marketing $5,000 Membership fee for a golf club $4,000 Penalties and interest on last
ABC Inc. incurred the following expenses:
Printing and advertising costs for marketing $5,000
Membership fee for a golf club $4,000
Penalties and interest on last year's unpaid income taxes $2,000
What is the total amount of deductible expenses for ABC for tax purposes?
Question 2 options:
1)
$ 11,000
2)
$ 9,000
3)
$ 2,000
4)
$ 5,000
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