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:

Course of Dealing

The history of past business transactions between parties that establishes a common basis for their understanding and expectations.

Citrus Orchard

An area of land dedicated to the cultivation of citrus trees, such as oranges, lemons, limes, and grapefruits, for fruit production.

Distribution Center

A warehouse or storage facility where goods are stored before they are distributed to retailers or customers.

Purchase Order

A purchase order is a formal document sent by a buyer to a seller to authorize the purchase of goods or services at agreed terms and conditions.