Answer:
Star Corp.
Star Corp.'s total deductible business expenses for the year is:
= $1,952,000.
Explanation:
Ordinary and Necessary Expenses incurred in 2020:
Office rent:                                 $50,000
CEO compensation:              $1,500,000
Salary paid to janitor:              $250,000
Business meals:                        $30,000 (100% of the amount paid)
Client entertainment:             $100,000 (100% of the amount paid)
Political contribution/lobbying:  $5,000
Advertising:                              $70,000
Taxes & licenses (state, local &
payroll tax; not fed. inc. tax):   $30,000
Life insurance policy on CEO
 - premiums:                            $12,000
Federal income taxes:        $250,000
Total expenses incurred $2,297,000
Total Deductible Business Expenses for the year:
Office rent:                                     $50,000
CEO compensation:                 $1,500,000
Salary paid to janitor:                    $20,000
Business meals:                            $15,000 (50% of $30,000)
Client entertainment:                            $0 (0% of $100,000)
Political contribution/lobbying:      $5,000
Advertising:                                  $70,000
Taxes & licenses (state, local &
payroll tax; not fed. inc. tax):       $30,000
Life insurance policy on CEO
 - premiums:                                $12,000
Federal income taxes:            $250,000
Total deductible expense = $1,952,000