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:

Web Layout View

A feature in word processing and publishing software that allows users to see how a document will look when published on the web.

Print Layout View

A viewing mode in word processors that displays documents as they would appear when printed, including all formatting.

Insert a Bookmark

Adding a marker or shortcut within a document or a web browser that allows for quick navigation to a specific point or URL.

Selection of Text

The act of highlighting or marking text to perform actions such as copy, cut, or format.