In Order to Qualify for a Moving Expense Deduction, It

question 64

True/False

In order to qualify for a moving expense deduction, it is necessary for a taxpayer to have a prior job location.

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Definitions:

Production Supplies

Items and materials used in the manufacturing process that are not directly incorporated into the final product.

Mainframe Computer

A large, powerful computer primarily used by large organizations for bulk data processing, such as census, industry and consumer statistics, and financial transaction processing.

Indirect Manufacturing Cost

Costs in manufacturing that cannot be directly tied to a specific product or job, such as maintenance, supervision, and utility costs; also known as manufacturing overhead.

Direct Manufacturing Cost

These are costs that can be directly traced to the production of specific goods or services, such as raw materials and direct labor.