Michelle operates a food truck. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction in each of the following situations. (Leave no answers blank. Enter zero if applicable.) a. Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $250 for speeding, including $205 for legal advice in connection with the ticket.

a. Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $240 for speeding, including $195 for legal advice in connection with the ticket.

Deductible amount $195

b. Michelle paid $865 to reserve a parking place for her food truck for the fall football season outside the local football arena. Michelle also paid $210 for tickets to a game for her children.

Deductible amount $865

c. Michelle provided a candidate with free advertising painted on her truck during the candidate’s campaign for city council. Michelle paid $960 to have the ad prepared and an additional $660 to have the ad removed from the truck after the candidate lost the election

Deductible amount $0

answer; /// i do believe the correct answer is (30,000);

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