Question 44 (1 point) Listen Southwest Mutual (SM), an insurance company, is trying to persuade Congress to enact nationwide anti-smoking legislation. As part of this effort, SM paid $500,000 to hire a lobbying firm to discuss its concerns with members of Congress. SM also contributed $100,000 to candidates for political office who support limiting public smoking. What amount of these expenditures can SM deduct? $500,000 $600,000 $100,000 $0