Match the Statements That Relate to Each Other

question 9

Short Answer

Match the statements that relate to each other. (Note: Choice L may be used more than once.)
a.Cover charge paid to entertain client at a night club.
b.Deductible even if taxpayer does not take the new job
c.Company picnic sponsored by employer
d.Use of Federal per diem allowance to substantiate meals while in travel status
e.Does not have to be job related
f.Can include cost of car insurance and automobile club dues
g.Distribution from plan is taxable
h.Distribution from plan is not taxable
i.Expatriate (U.S. person who is employed overseas) returns home to retire
j.Taxpayer moves to a new residence 55 miles closer to his present job
k.Country club membership fee
l.Correct match not provided
-Keogh (H.R. 10) plans

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Definitions:

Direct Costs

Costs that are identified with and traced to a cost object.

Wages and Salaries

Payments made to employees for their labor or services, typically based on hours worked (wages) or a set rate per period (salaries).

Machine Maintenance

The process of routine check-ups and repairs on machinery to ensure it is functioning correctly and to prevent future breakdowns.

Support Department Costs

Costs associated with departments that do not directly produce a product or service but provide essential support to production or service departments.