Which of the Following Is/are Trade or Business Expenses

question 113

Multiple Choice

Which of the following is/are trade or business expenses?
I.Solly incurs legal expenses related to real estate he leases to Bucko Burger Hamburger Haven for a parking lot. Solly does little but negotiate the lease every year..
II.Susan owns several rental apartments. She negotiates new rental contracts, arranges for repairs and maintenance, and handles all leasing activities.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Smiles

Facial expressions formed primarily by flexing the muscles at the sides of the mouth, often expressing happiness or pleasure.

Underlying Emotion

The fundamental feeling or affect that lies beneath an individual's immediate emotional response or expression.

Alarm Phase

The initial stage of the body's response to stress, activating the fight or flight response and preparing the body to face a threat.

Parasympathetic Division

A branch of the autonomic nervous system responsible for conserving energy and promoting restful states.