In each of the following independent situations, determine if the expense would be deducted for income tax purposes. Provide a few words of explanation to support your answer. a. Rose paid $500 in interest on a loan she used to purchase equipment for her business. b. Violet paid $500 in interest on a loan she used to purchase her personal vehicle. c. Daisy paid $500 in interest on a loan she used to purchase municipal bonds. d. Iris is a self-employed consultant. She purchased a golf cart and had her consulting company's logo painted on the golf cart to attract customers while she played golf. (Address both the purchase of the golf cart and the expense of getting the company's logo painted on it.) e. Lily was late for a business meeting with a client when she was stopped and ticketed $150 for speeding. She was driving a company car when she got the ticket. f. Poppy owns a law firm. The president of her largest corporate client has a daughter that is getting married, and Poppy insists on paying for her bridal shower at a local restaurant