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LO . 3 Linda operates an illegal gambling operation. Which of the following expenses that she incurs can reduce taxable income? Bribes paid to city
LO Linda operates an illegal gambling operation. Which of the following expenses that she incurs can reduce taxable income?
Bribes paid to city employees.
Salaries to employees.
Security cameras.
Kickbacks to police.
Rent on an office.
Depreciation on office furniture and equipment.
Tenants casualty insurance.
Utilities.
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