For an Expense to Be Ordinary,it Must Be Customary or Usual

question 73

True/False

For an expense to be ordinary,it must be customary or usual in the taxpayer's particular business.

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Definitions:

Political Influence

The power to have an effect on governance or policy-making, often exercised through various forms of advocacy, lobbying, or electoral activities.

Division of Labor

The assignment of different tasks and roles to different individuals or groups, often based on expertise or gender, to increase efficiency and productivity.

Intersectionality

A framework for understanding how aspects of a person's social and political identities combine to create different modes of discrimination and privilege.

Embodiment

The representation or expression of something in a tangible or visible form, often pertaining to how individual experiences are manifested through the body.