Educational Expenses Incurred by a CPA for Courses Necessary to Meet

question 25

True/False

Educational expenses incurred by a CPA for courses necessary to meet continuing education requirements are fully deductible.

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Definitions:

Cognitive Ability

The capacity of an individual to perform mental processes related to learning and problem solving, including memory, reasoning, understanding, and decision making.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Intellectual Capital

The collective knowledge, information, intellectual property, and experience that an organization possesses.

Core Self-Evaluations

Personal assessments that involve one's fundamental appraisal of their own abilities, competency, and self-worth.