a) A cash-basis business owner pays $2,300 for "in-house"lobbing expenses during the year. How much can she deduct?
b) What is the annual dollar limit of deductible compensationfor the top five most highly compensated executives of a publiclyheld corporation?
c) A taxpayer traveled to a neighboring state to investigate thepurchase of two restaurants in 2014. She pays/incurs investigationexpenses of $35,000. Assuming she was not in the restaurantbusiness previously, how much can she deduct in 014 if she acquiresthem and begins operations on July 1st?
