Which of the Following Is Not a Test to Deduct

question 80

Multiple Choice

Which of the following is not a test to deduct business expenses:

• A)The expense must be ordinary and necessary
• B)The expense must have a legitimate business purpose
• C)The expense must be reasonable
• D)The expense must be lavish and extravagant

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Definitions:

Father

A male parent or guardian responsible for raising and nurturing children, either biologically or through relationship roles.

Ethics

A set of moral principles that govern the behavior of individuals and institutions.

Values and Principles

Fundamental beliefs and guidelines that shape an individual's behavior and decision-making process, often reflecting what is important to them.

Long-term Effectiveness

A measure of how well a method, strategy, or action maintains its desired outcomes or benefits over an extended period.