Various Criteria Will Disqualify the Deduction of a Business or Investment

question 92

Multiple Choice

Various criteria will disqualify the deduction of a business or investment related expenditure.Which of the following criteria will not disqualify a business or investment expenditure?

• A) capital expenditure
• B) expenses related to tax-exempt income
• C)expenses are not incurred annually
• D)expenses are illegal or in violation of public policy

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Definitions:

360-degree Feedback Method

A performance appraisal technique involving feedback from a circle of stakeholders, including supervisors, peers, subordinates, and sometimes customers.

Displaced Anger

The redirection of anger from its original source to an unrelated target, often due to inability or unwillingness to confront the true source.

Internal Attributions

Internal Attributions refer to the explanation of an individual's behavior based on internal characteristics or traits, such as personality, effort, or ability.

External Attributions

The process of explaining someone's behavior by attributing it to external circumstances or environments rather than to personal characteristics.