Which of the following expenditures is most likely to be deductible for a construction business?A tax underpayment penalty

An "under the table" payment to a government representative to obtain a better price for raw materials

A contribution to the mayor's political campaign fund

An arm's length payment to a related party for emergency repairs of a sewage line

Multiple Choice

A fine for a zoning violation

A tax underpayment penalty

An "under the table" payment to a government representative to obtain a better price for raw materials