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Compute the Vella total deductible expenses for tax purposes

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Question - Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year:

Rent: $24,000

Bribes: $40,000

Travel expenses: $4,000

Utilities: $18,000

Wages: $230,000

Payroll taxes: $13,800

Property insurance: $1,600

Illegal kickbacks: $22,000

Required - Compute the Vella's total deductible expenses for tax purposes?

Reference no: EM132732439

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