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Matt operates illegal gambling hall as his business and main source of income. Which of the following business expenses is deductible for tax purposes? a.
Matt operates illegal gambling hall as his business and main source of income. Which of the following business expenses is deductible for tax purposes?
a. penalties paid to IRS for filing the income tax return late
b. salaries paid to the card dealers at illegal gambling hall
c. bad debt expense estimated based on percent of sales method
d. cash contribution to political campaign elect a business friendly mayor
e. none of these correct
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