(Solved): Required information [The following information applies to the questions displayed below] Indicat ...

Required information [The following information applies to the questions displayed below] Indicate the amount (if any) that Josh can deduct as an ordinary and necessary business deduction in each of the following situations. Note: Leave no answers blank. Enter zero if opplicable. Josh purchased a piece of land for $\$85,500$ in order to get a location to expand his business. He also paid $\$7,000$ to construct a ew driveway for access to the property. Required information [The following information applies to the questions displayed below] Indicate the amount (f any) that Josh can deduct as an ordinary and necessary business deduction in each of the following situations Note: Leove no answers blank. Enter zero if applicable. This year Josh paid $\$18,200$ to employ the mayor's son in the business. Josh would typically pay an employee with these sponsibilities about $\$15,400$, but the mayor assured Josh that after his son was hired, some city business would be coming his way Required information [The following information applies to the questions displayed below] Indicate the amount (if any) that Josh can deduct as an ordinary and necessary business deduction in each of the following situations. Note: Leove no answers blank. Enter zero if opplicable. 0. Josh borrowed $\$83,000$ from First State Bank using his business assets as collateral. He used the money to buy City of Blanksville bonds. Over the course of a year, Josh paid interest of $\$12,000$ on the borrowed funds, but he received $\$11,600$ of interest on the bonds. Required information [The following information applies to the questions displayed below] Indicate the amount (f any) that Josh can deduct as an ordinary and necessary business deduction in each of the following situations. Note: Leave no answers blank. Enter zero if applicable. d. Josh paid his brother, a mechanic, $\$5,300$ to install a robotic machine for Josh's business. The amount he paid to his brother is comparable to what he would have paid to an unrelated person to do the same work. Once the installation was completed by his brother, Josh began calibrating the machine for operation. However, by the end of the year, he had not started using the machine in his business.