Match the Statements That Relate to Each Other

question 173

Short Answer

Match the statements that relate to each other. (Note: Choice L may be used more than once.)
a.Cover charge paid to entertain client at a night club.
b.Deductible even if taxpayer does not take the new job
c.Company picnic sponsored by employer
d.Use of Federal per diem allowance to substantiate meals while in travel status
e.Does not have to be job related
f.Can include cost of car insurance and automobile club dues
g.Distribution from plan is taxable
h.Distribution from plan is not taxable
i.Expatriate (U.S. person who is employed overseas) returns home to retire
j.Taxpayer moves to a new residence 55 miles closer to his present job
k.Country club membership fee
l.Correct match not provided
-Roth IRAs

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Definitions:

Trade Secrets

Information, including formulas, patterns, compilations, programs, devices, methods, techniques, or processes, that derives economic value from not being generally known and is subject to efforts to maintain its secrecy.

Economic Espionage

The act of secretly gathering confidential economic information or trade secrets from competitors for competitive advantage.

Proprietary Information

Confidential business information that provides an enterprise with a competitive edge, such as patents, trade secrets, and special recipes.

Transnational Consumers

Consumers who transcend their local markets and make purchases based on global rather than national preferences.