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(Solution document) Arlo manages Alice's Restaurant. It paid the following expenses last year.


Arlo manages Alice's Restaurant. It paid the following expenses last year.

7,000 To purchase inventory

2,000 For Salaries and wages

  500 For Advertising

  100 Fine for illegal dumping of garbage on thanksgiving

  200 Contributions to the Officer Odie Re-election Campaign Fund 

There were no changes in the amount of inventory from beginning to end of year.

What is the amount of (Section 162) business expense that Alice's Restaurant can deduct?

 







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