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Shaquille operates a drug-running operation and incurred the following expenses: Salaries $200,000 Illegal kickbacks $ 32,000 Bribes to border guards $ 24,000 Cost of goods

Shaquille operates a drug-running operation and incurred the following expenses:

Salaries $200,000

Illegal kickbacks $ 32,000

Bribes to border guards $ 24,000

Cost of goods sold $300,000

Rent $ 12,000

Interest $ 18,000

What amount reduces his taxable income?

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