An Education Expense Deduction Is Not Allowed If the Education

question 153

True/False

An education expense deduction is not allowed if the education results in a promotion or pay raise for the employee.

---

Definitions:

Purported Partners

Individuals who appear to or claim to be partners in a business to the public, regardless of the legality of their partnership status.

Authority

The legal power or right given to an individual or entity to act on behalf of another or make decisions within certain parameters.

Sole Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

Unabated

Continuing without any reduction in intensity or strength.