The tax relief law (for Covid) passed by Congress last month created the Paycheck Protection Program. The programs provides loans to small businesses. However, provided the small business spends the loan amounts on certain items, such as payroll and rent, the loan does not need to be paid back. The law also states that the forgiven debt will not be included in gross income. BRIEFLY state whether you think the expenses (payroll and rent) that the taxpayer / recipient uses the funds received to pay are/should be deductible and why.(Briefly is two sentences. Feel free to use bullet points).

Plz write down sentence with explanation.

Plz type it, no hand writing.

:)