To Be Tax Deductible,an Expense Must Be All of the Following

question 21

Multiple Choice

To be tax deductible,an expense must be all of the following except

• A)ordinary and necessary.
• B)paid in cash.
• C)reasonable in amount.
• D)an expense of the taxpayer.

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Definitions:

Resilient Leader

A leadership style characterized by the ability to quickly recover from setbacks, adapt to change, and continue to lead effectively in the face of challenges.

Socially Conscious

An awareness of and sensitivity to societal issues and a willingness to act to influence social change positively.

Constant Rejection

The ongoing or frequent denial of approval or acceptance.

Leadership Effectiveness

The degree to which a leader is able to achieve desired results, inspire followers, and adapt to changing circumstances.