According to the Internal Revenue Code §162, Deductible Trade or Business

question 59

Multiple Choice

According to the Internal Revenue Code §162, deductible trade or business expenses must be one of the following?

• A) Incurred for the production of investment income
• B) Ordinary and necessary
• C) Minimized
• D) Appropriate and measurable
• E) Personal and justifiable

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Definitions:

Physically Attractive

A characteristic of an individual that is found to be visually appealing to others, often influenced by cultural standards and biological instincts.

Conservative Attire

Clothing that is modest, traditional, and conforms to professional and formal standards, often worn in corporate or formal settings.

Sociable

Having a predisposition to engage in social interactions, often characterized by a willingness to connect and communicate with others.

Good Looking

A term used to describe someone who is physically attractive.