Which of the Following Statements Best Describes the Deductions Independent

question 19

Multiple Choice

Which of the following statements best describes the deductions independent contractors may claim for valid business expenses?

• A)for AGI deductions.
• B)from AGI deductions not subject to the two percent of AGI floor.
• C)from AGI deductions subject to a two percent of AGI floor.
• D)for AGI deductions limited to income from the business activities.

---

Definitions:

UN Security Council

A principal organ of the United Nations, charged with maintaining international peace and security, and capable of making binding decisions that member states must implement.

Permanent Members

Refers to the five countries with veto power in the United Nations Security Council: China, France, Russia, the United Kingdom, and the United States.

Veto

The constitutional right of a president, governor, or similar authority to reject a decision or proposal made by a law-making body.

Permanent Seat

A permanent seat typically refers to a country's secured, unchanging position on international bodies, such as the United Nations Security Council.