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Which of the Following Taxpayers Can Claim a Business Bad

question 103

Multiple Choice

Which of the following taxpayers can claim a business bad debt deduction for the current year?
I.Johnson is a dentist using the cash basis of accounting. He has accounts receivable from patients totaling $7,800 that are more than 90 days past due.
II.George owns and operates a sporting goods store and uses the accrual method of accounting. He has several customers who have owed him money for more than 10 months.


Definitions:

Horizontal Segregation

The division of jobs or occupations into gendered categories, leading to men and women working in different types of jobs.

Occupational Segregation

The division of work based on gender, ethnicity, or other factors, leading to a concentration of a group within certain sectors or occupations and often contributing to wage disparities.

Gender Pay Gap

The average difference in pay between men and women, often reflecting disparities in employment opportunities, job level, or discrimination.

Glass Escalator

A phenomenon where men in traditionally female-dominated professions, like nursing or teaching, rise faster to higher positions than their female counterparts.

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