Carmine, Inc., a tobacco manufacturer, incurs certain expenditures associated wi
ID: 2344378 • Letter: C
Question
Carmine, Inc., a tobacco manufacturer, incurs certain expenditures associated with political contributions and lobbying activities. Which of these expenditures can be deducted?Payments to Washington, D.C. law firm to lobby members of Congress $800,000
Payments to Washington, D.C. law firm to lobby the head of the FDA $25,000
Payment to Richmond law firm to lobby members of the state legislature $50,000
Payments to Lexington law firm to lobby members of the Lexington City Council $5,000
Political contribution to Committee to Reelect the Mayor of Lexington $6,000
Explanation / Answer
Carmine, Inc., a tobacco manufacturer, incurs certain expenditures associated with political contributions and lobbying activities. Which of these expenditures can be deducted?
Payments to Washington, D.C. law firm to lobby members of Congress $800,000
Payments to Washington, D.C. law firm to lobby the head of the FDA $25,000
Payment to Richmond law firm to lobby members of the state legislature $50,000
Payments to Lexington law firm to lobby members of the Lexington City Council $5,000 correct option
Political contribution to Committee to Reelect the Mayor of Lexington $6,000