Match the Statements That Relate to Each Other

question 7

Short Answer

Match the statements that relate to each other. (Note: Choice L may be used more than once.)
a.Must involve the same trade or business
b.Must be for the convenience of the employer
c.Meals while in route
d.Lodging while in route
e.Out-of-town job assignment lasts for more than one year
f.Can include actual cost of parking
g.Payment for services rendered based on tasks performed
h.Excludes use of MACRS depreciation
i.Taxpayer has tools and helper provided for him
j.Transportation must be allocated if taxpayer spends two weeks on business and one week sightseeing
k.Paralegal obtains a law degree
l.Correct match not provided
-Education expense that is not deductible to maintain or improve existing skills

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Definitions:

Elasticity of Demand

A metric that assesses the sensitivity of the demand for a good to shifts in its price level.

Substitutes

Products or services that can be used in place of one another, where an increase in the price of one leads to an increase in demand for the other.

Good A

A term which might refer to a specific product or item in a hypothetical economic scenario or model, but without more context is not a standard economic term.

Good B

An unspecified product referred to for the sake of example; characteristics or qualities would depend on the context.