Question 7 0/1 pts Which of the following would be deductible as an ordinary and necessary trade or business expense? The $500 payment made to the local building inspector, in violation of state law, to assure that a new building construction receives its occupancy permit. The $200 penalty in violation of a city ordinance paid by a business for failing to properly dispose of its rubbish. The \$1,500 paid to a local lobbyist to provide support for a local ordinance requiring city businesses to hire 25 percent of local citizens for new projects. The $1,000 amount paid to a banking lobbyist to provide support for the bailout of the banking industry through Congressional legislation