Match the Statements That Relate to Each Other

question 85

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
-Nondeductible moving expense

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Definitions:

Business Plan

A formal document detailing the goals, strategies, financial forecasts, and operational structure of a business.

Customer Segments

Customer Segments refer to the practice of dividing a company's target market into distinct groups of customers that share similar characteristics, to tailor marketing strategies and products to meet their specific needs.

Small Business Owner

An individual who owns and operates a company that is typically characterized by a small number of employees and relatively low volume of sales.

Business Plan

A formal written document that describes in detail how a business, usually a new one, is going to achieve its goals.