Match the Statements That Relate to Each Other

question 7

Short Answer

Match the statements that relate to each other. (Note: Choice L may be used more than once.)
a.Must involve the same trade or business
b.Must be for the convenience of the employer
c.Meals while in route
d.Lodging while in route
e.Out-of-town job assignment lasts for more than one year
f.Can include actual cost of parking
g.Payment for services rendered based on tasks performed
h.Excludes use of MACRS depreciation
i.Taxpayer has tools and helper provided for him
j.Transportation must be allocated if taxpayer spends two weeks on business and one week sightseeing
k.Paralegal obtains a law degree
l.Correct match not provided
-Education expense that is not deductible to maintain or improve existing skills

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Definitions:

Economics

The social science that studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their needs and wants.

Society Manages

How collective groups of individuals govern, organize, or handle societal functions and resources.

Limited Wants

The concept that the desires or needs of human beings are finite or restricted due to limited resources and time.

Tradeoff

A scenario in which one characteristic or element is forfeited in exchange for acquiring a different characteristic or element.