Trade and Business Expenses Should Be Treated As

question 6

Multiple Choice

Trade and business expenses should be treated as:

• A)A deduction from AGI subject to the 2%-of-AGI floor.
• B)A deduction from AGI not subject to the 2%-of-AGI-of-AGI floor.
• C)Deductible for AGI.
• D)An itemized deduction if not reimbursed.
• E)None of the above.

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Definitions:

Sales Dollar

A measure of revenue generated from the sale of goods or services, expressed in dollars.

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