Which Is Not a Major Issue in China

question 27

Multiple Choice

Which is not a major issue in China?

• A) a stable government
• B) support of religious freedoms
• C) underpopulation
• D) exports to other countries

---

Definitions:

Deductible

An expense that can be subtracted from gross income to reduce the amount of income subject to tax.

More-Than-50% Business-Use Test

A criterion used for determining whether an asset is used primarily for business, requiring that over 50% of its use is for business to qualify for certain tax deductions.

Listed Property

Assets specified by the IRS that are subject to specific record-keeping and substantiation requirements, such as vehicles and computers used for business.

Business Bad Debt

Debt associated with the conduct of a trade or business that becomes worthless or uncollectible during the tax year.