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Problem 9 - 4 7 ( LO 9 - 1 , LO 9 - 2 ) ( Static ) [ The following information applies to

Problem 9-47(LO 9-1, LO 9-2)(Static)
[The following information applies to the questions displayed below.]
Indicate the amount (if any) that Josh can deduct as an ordinary and necessary business deduction in each of the
following situations.
Note: Leave no answers blank. Enter zero if applicable.
Problem 9-47 Part-c (Static)
c. This year Josh paid $15,000 to employ the mayor's son in the business. Josh would typically pay an employee with these
responsibilities about $10,000, but the mayor assured Josh that after his son was hired, some city business would be coming his way.
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