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Explain When Educational Expenses Are Deductible for an Employee

question 35

Essay

Explain when educational expenses are deductible for an employee.


Definitions:

Registered

Officially recorded on a list or register for purposes of identification, tracking, or certification, often implying a degree of regulatory compliance.

Unaware

Lacking knowledge or awareness about something.

Equity of Redemption

The right of a debtor to reclaim property that has been used as collateral after the debt obligation has been fully paid.

Hypothecation

The practice of pledging assets as collateral to secure a loan, without transferring ownership of the collateral.

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