Which of the Following Is a True Statement

question 29

Multiple Choice

Which of the following is a true statement?

• A) All business expenses are deducted for AGI.
• B) Congress allows self-employed taxpayers to deduct the employer portion of their self-employment tax.
• C) To deduct expenses associated with any profit motivated activity, taxpayers must maintain a high level of involvement or effort in the activity throughout the year.
• D) Business activities never require a relatively high level of involvement or effort from the taxpayer.
• E) All of the choices are true.

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