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Tax Drill - Deductible Lic Indicate whether the following items are Deductible or Mondeductible as licenses, fees or taxe
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Answer :-

Personal expenses are nondeductible. Therefore a,b are personal expenses.

Business expenses are deductible c,d,e business expeses.

a)parking meter deposits - nondeductible

b)dog licenses - nondeductible

c)bridge and highway tolls - deductible

d)automobile titles and registration - deductible

e)postage - deductible

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