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Drako Company, a C corporation, paid various expenses for its sole shareholder, who was also an employee. In which of the following scenarios can Drako
Drako Company, a C corporation, paid various expenses for its sole shareholder, who was also an employee. In which of the following scenarios can Drako sufficiently back up their tax deductions for automobile expenses? Select the single best answer: A. The employee submits a log book of off-site appointments. B. Auto expenses are never deductible for the sole shareholder. C. The employee provides a log book of mileage, beginning and ending points of each trip, and each trip's business purpose. D. The employee submits gas receipts. E. The sole shareholder needs no proof of use; he or she owns the business
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