Taxation, 2011 Bar — Question 43

MULTIPLE CHOICE

Political campaign contributions are NOT deductible from gross income (A) if they are not reported to the Commission on Elections. (B) if the candidate supported wins the election because of possible corruption. (C) since they do not help earn the income from which they are to be deducted. (D) since such amounts are not considered as income of the candidate to whom given.

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