With the following expenditures, what is the total deduction for this cash basis taxpayer. Assume all expenses are directly related to the trade or business, are reasonable, ordinary, and necessary and were paid in the current tax year. - $50 Gas for rented vehicle - $100 Gift for mayor hoping to get business from the city - $200 Speeding ticket for delivery truck - $500 Suite fee including tickets to game and food, not itemized - $200 Interest paid on loan to invest in tax exempt bonds - $5,000 New equipment - $300 Technician to install new equipment - \$150 Technical to repair equipment $200 $5,750 $5,350 $5500 $150