Fynn incurred and paid the following expenses during 2018: classify the following expenses as "deductible" or "not deductible". • $50 for a ticket for running a red light while he was commuting to work. • $100 for a ticket for parking in a handicapped parking space. • $200 to an attorney to represent him in traffic court as to the two tickets. • $500 to an attorney to draft an agreement with a tenant for a one-year lease on an apartment that fynn owns. • $1,000 to an attorney to negotiate a reduction in his child support payments. • $2,500 to an attorney to negotiate a reduction in his qualified alimony payments to a former spouse. calculate the amount of fynn deductible expenses. $

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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