The Internal Revenue Code Authorizes Deductions for Trade or Business

question 6

True/False

The Internal Revenue Code authorizes deductions for trade or business activities if the expenditure is "ordinary and necessary."

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Definitions:

Aversion Conditioning

A method of behavioral therapy that involves pairing an undesirable behavior with an unpleasant stimulus to reduce the frequency of the behavior.

Electric Shock

The sudden stimulation of nerves and muscles produced by an external electric current, potentially causing harm or discomfort.

Behavioral Contracting

A therapy technique involving the creation of a written agreement between two parties to reinforce or change specific behaviors.

Systematic Desensitization

A therapeutic technique used to reduce phobia or anxiety through gradual exposure to the feared object or situation combined with relaxation exercises.