do Examen 8 Small Help Save & Exit Submit Jones operates an upscale restaurant and he pays experienced cooks $35,000 per year. This year, he hired his son as an apprentice cook Jones agreed to pay his son $40,000 per year. Which of the following is a true statement about this transaction? Multiple Choice O Jomes will be allowed so deduct $40.000 only if his son eventually develops an expert cook Jones will be slowed to eccrue $40.000 only if he pays son in Jonet will be allowed so deduct $35.000 as compensation and another $5000 can be deducted es analy Jones anted to sytosiness deduction unt the son an experienced to