Rex, a cash basis calendar year taxpayer, runs a bingo operation that is illegal under state law. During 2019, a bill designated H. R. 9 is introduced into the state legislature, which, if enacted, would legitimized bingo games. In 2019, Rex had the following expenses:Operating expenses in conducting bingo games $247,000Payoff money to state and local police 24,000Newspaper ads supporting H. R. 9 3,000Political contributions to legislators who support H. R. 9 8,000 Of these expenditures, Rex may deduct:. a. $247,000. b. $250,000. c. $258,000. d. $282,000. e. none of these.

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task