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Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the...

Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year:

Rent $35,500
Bribes 53,250
Travel expenses 3,550
Utilities 21,300
Wages 315,500
Payroll taxes 17,750
Property insurance 1,775
Illegal kickbacks 31,950

What are Vella’s total deductible expenses for tax purposes?

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