If you were to purchase a SUV and go for the maximum deduction, your SUV must have what? a. 6,000 gross vehicle weight b. 6,000 gross axle weight rating c. 6,000 curb weight d. at least 1,700 payload e. 6,000 towing capacity You are doing business in a South American country where not only is it traditional to pay bribes, but it is essential to get your business accomplished. These payments are deductible expenses. (assume that these payments would not be, if the payments are made in the USA) Select one: True False You have the following: Short term capital losses $9,000 Long term capital losses - $8,000 Short term capital gains $6,000 Long term capital gains $7,000 What amount is reported on page 1 of the Form 1040? a. $1,000 gain b. $3,000 loss c. $1,000 loss d. $4,000 loss e. $3,000 gain f. $4,000 gain