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Do you work hard to achieve good grades, but does not get success at that level? Studentwhiz has found out a simple yet interesting way to help its students achieve good grades by learning in a smart way through University of Phoenix Rex, a cash basis calendar year taxpayer, runs a bingo operation which is illega Solutions and Rex, a cash basis calendar year taxpayer, runs a bingo operation which is illega Course. Our main motive is that our students should pass their exams with flying colors. Rex, a cash basis calendar year taxpayer, runs a bingo operation which is illega Study Material and Rex, a cash basis calendar year taxpayer, runs a bingo operation which is illega Guide are also been provided so that students can learn from them. On our learning portal you will get study material which is 100% updated and imparted by our experts.

Rex, a cash basis calendar year taxpayer, runs a bingo operation which is illega

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Rex, a cash basis calendar year taxpayer, runs a bingo operation which is illegal under state law. During 2014, a bill designated H.R. 9 is introduced into the state legislature which, if enacted, would legitimize bingo games. In 2014, Rex had the following expenses:

Operating expenses in conducting bingo games$247,000

Payoff money to state and local police 24,000

Newspaper ads supporting H.R. 93,000

Political contributions to legislators who support H.R. 98,000

What amount can Rex deduct for these expenses?

 
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