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Andy runs his own shoe store. He claims premiums for several types of insurance as deductible business expenses on his tax return. Which of the
Andy runs his own shoe store. He claims premiums for several types of insurance as deductible business expenses on his tax return. Which of the following should not be included as a deductible premium paid for business-related insurance?
a) Fire and theft insurance
b) Liability insurance
c) Business interruption insurance
d) Loss of earnings due to sickness or disability
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