An option that are tax-deductible to the firm is a coupon interest payments on bonds. The Option C is correct.
Also known as a tax deductible expense, refers to an expense that is considered as ordinary, necessary and reasonable and that helps a business to generate income. It is usually deducted from a company's income before taxation.
According to Internal Revenue Service (IRS) in Publication 535, a business expenses refers to an ordinary expense is one that is common and accepted in your industry. This necessary expense is one that is helpful and appropriate for your trade or business.
Any business does incurs a wide range of expenses. From starting the business to maintaining it, various expenses keep the operation running smoothly. However, many expenses are deductible and can lower tax liabilities.
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