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Which of the following is a deductible business expense for a legitimate trade or business? Question options: Interest expense on loans used to acquire tax

Which of the following is a deductible business expense for a legitimate trade or business?

Question options:

Interest expense on loans used to acquire tax exempt municipal bonds

Legal fees incurred for defending against a charge of stealing a competitor's trade secrets.

Fines for illegal dumping of toxic waste

Political contributions to candidates favorable to industry positions.

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