Expenses Must Be Ordinary, Necessary, and Reasonable to Be Fully

question 40

True/False

Expenses must be ordinary, necessary, and reasonable to be fully deductible.

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Definitions:

Dominant Culture

The cultural values, practices, and beliefs that are most widely shared or held in high esteem by the majority of a society or group.

Middle Passage

The sea voyage segment of the triangular slave trade route, infamously brutal, that transported enslaved Africans to the Americas.

Pre-enslavement

The historical period or the conditions experienced by individuals or communities before they were subjected to slavery.

Slave Passage

Refers historically to the Middle Passage, the traumatic sea voyage that transported millions of Africans to the Americas as part of the transatlantic slave trade.