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John operates an illegal business and incurred the following expenses salaries expense. $50,000 bribes...

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Question

Accounting

John operates an illegal business and incurred the following expenses
salaries expense. $50,000
bribes to public officials. 10,000
cost of goods sold. $17,000
rent expense. $20,000
What would be the amount that reduced johns taxable invome?
$50,000
$60,000
$87,000
97,000

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