Which of the Following Is Not Required for an Expenditure

question 8

Multiple Choice

Which of the following is not required for an expenditure to be deductible as a business or investment expense?

• A)recurring in nature
• B)ordinary and necessary
• C)reasonable in amount
• D)incurred by the taxpayer

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Definitions:

Little Emotion

A state or condition where an individual experiences minimal emotional responses or feelings.

Psychosis

A state in which a person’s perceptions and thoughts are fundamentally removed from reality.

Psychological State

An individual's mental condition at a certain time, which can be influenced by emotions, thoughts, behaviors, and environmental factors.

Removed From Reality

A state or condition in which an individual or perception is disconnected from true or actual life circumstances.