Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year: Rent Bribes Travel expenses Utilities Wages Payroll taxes Property insurance Illegal kickbacks $45,000 67,500 4,500 27,000 320,500 22,500 2,250 40,500 What are Vella's total deductible expenses for tax purposes?

Hamlet acquires a 7-year class asset on November 23,2022 , for $323,400 (the only asset acquired during the year). Hamlet does not elect immediate expensing under $ 179. He does not claim any available additional first year depreciation. This is Hamlet's only tangible personal property acquisition for the year. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Calculate Hamlet's cost recovery deduction for 2022 and 2023. 2022: 5 2023: 5 For Property Placed in Service after December 31, 1986