Calculating amount of deductible expenses

Assignment Help Accounting Basics

Reference no: EM1359228

Jimmy owns a trucking business. During the current year he incurred the following:

Gasoline and Oil $ 100,000

Maintenance $ 15,000

Fines for Speeding and Illegal parking $ 8,000

Bribes to Government Inspection Officials $ 21,000

What is the total amount of deductible expenses?

A. $108,000

B. $115,000

C. $123,000

D. $144,000

Reference no: EM1359228

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