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(TCO F) Fines and penalties paid to the government for the violation of a law are (Points : 5) generally deductible for tax purposes as
(TCO F) Fines and penalties paid to the government for the violation of a law are (Points : 5)
generally deductible for tax purposes as business expenses.not deductible for tax purposes.
deductible if they are ordinary and necessary.
deductible if they are reasonable in amount
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