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American Healthcare (AH), an insurance company, is trying to persuade Congress to enact nationwide anti-smoking...

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Accounting

American Healthcare (AH), an insurance company, is trying to persuade Congress to enact nationwide anti-smoking legislation. As part of this effort, AH paid $500,000 to hire a lobbying firm to discuss its concerns with members of Congress. AH also contributed $100,000 to candidates for political office who support limiting public smoking. What amount of these expenditures can AH deduct? (Points : 4)

$0 $100,000 $500,000 $600,000

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