Emery, LLP owns several apartment complexes and office buildings. The leasing and management of these buildings constitutes Emery's only business activity. During 2022, Emery incurred the following: Read the requirements. Requirement a. What is the total amount Emery may deduct because of these expenditures? Emery may deduct A. none of the expenditures. SeC,162(e) prohibits the deduction of lobbying and political expenses, and after 2017 , this prohibition includes local political and lobbying costs. Furthermore, the total expendifures exceed the de minimis exception. B. Only the cost of making the presentation before a local council which was dealing with legislation that was of direct interest to Emary's businesis and is less than the de minimis exception. c. Only the cost of the billboard, travel expenses for the trip to the state capital, and the cost of the presentation. The remainder of the expenditures were incurred to influence legislation. D. in-house expenditures for airfare and hotel bills and the costs for making a presentation to the county council protesting a proposed increase in the property tax levy, which are below the celling of $2,000 for the de minimis exception. Expenses Incurred - $800 in airfare and lodging for a trip to Washington, D.C. The purpose of the trip was to protest proposed tax rate increases for individuals and corporations. - $650 for renting space on billboards along the highway. The billboards express its concern regarding pending legislation that would significantly increase property taxes. - $1,300 in airfare and hotel bills incurred on a trip to the state capital. The purpose of the trip was to meet with the legislative subcommittee on property taxation. - $60 for a subscription to a political newsletter published by a national political party. - $210 in making a presentation to the county council protesting a proposed increase in the property tax levy. Requirements a. What is the total amount Emery may deduct because of these expenditures? b. Assume instead that Emery did not travel to Washington, DC or to the state capital. Costs incurred were for billboard rental ($650), newsletter ($60), and presentation to the county council ($210). What amount may Emery deduct because of these expenditures? Emery, LLP owns several apartment complexes and office buildings. The leasing and management of these buildings constitutes Emery's only business activity. During 2022, Emery incurred the following: Read the requirements. Requirement a. What is the total amount Emery may deduct because of these expenditures? Emery may deduct A. none of the expenditures. SeC,162(e) prohibits the deduction of lobbying and political expenses, and after 2017 , this prohibition includes local political and lobbying costs. Furthermore, the total expendifures exceed the de minimis exception. B. Only the cost of making the presentation before a local council which was dealing with legislation that was of direct interest to Emary's businesis and is less than the de minimis exception. c. Only the cost of the billboard, travel expenses for the trip to the state capital, and the cost of the presentation. The remainder of the expenditures were incurred to influence legislation. D. in-house expenditures for airfare and hotel bills and the costs for making a presentation to the county council protesting a proposed increase in the property tax levy, which are below the celling of $2,000 for the de minimis exception. Expenses Incurred - $800 in airfare and lodging for a trip to Washington, D.C. The purpose of the trip was to protest proposed tax rate increases for individuals and corporations. - $650 for renting space on billboards along the highway. The billboards express its concern regarding pending legislation that would significantly increase property taxes. - $1,300 in airfare and hotel bills incurred on a trip to the state capital. The purpose of the trip was to meet with the legislative subcommittee on property taxation. - $60 for a subscription to a political newsletter published by a national political party. - $210 in making a presentation to the county council protesting a proposed increase in the property tax levy. Requirements a. What is the total amount Emery may deduct because of these expenditures? b. Assume instead that Emery did not travel to Washington, DC or to the state capital. Costs incurred were for billboard rental ($650), newsletter ($60), and presentation to the county council ($210). What amount may Emery deduct because of these expenditures