Joe would really like to reduce the Corporations taxable income for this first year. Can he deduct (deductible whether in partial or in whole) the following items?

A. Both Deductible B. Both Non-deductible

C. Deductible, Non Deductible D. Non-deductible, Deductible

__ Depreciation of Boats used in the business -- Charitable Contribution of $100,000 to Public Childrens Hospital

__ Start-up costs of $20,000 -- Kickback from Supplier contract $100,000

__ Federal Payroll taxes $147,600 -- Net Capital Loss $15,000 (excess loss after netting with Capital gains).