Which of the Following Business Expenses Is Not a Deduction

question 21

Multiple Choice

Which of the following business expenses is not a deduction for the purposes of income tax?

• A)Employees' wages
• B)Cost of trading stock
• C)Motor vehicle expenses
• D)Purchase price of business premises

---

Definitions:

Symbolic Thinking

The ability to use symbols, signs, or objects to represent ideas or concepts, significant in language development and creative thinking.

Cognitive Developmental Milestones

Refer to the key stages in early childhood and adolescence where individuals achieve new abilities in language, thought, problem-solving, and personal interaction.

Piaget

Piaget, Jean Piaget, was a Swiss psychologist best known for his pioneering work in child development, specifically his theory of cognitive development that describes how children's intellect grows and evolves in stages.

Age-related Timing

Age-related Timing pertains to the specific periods or milestones in an individual's life when certain abilities, behaviors, or physiological changes are most likely to occur.