Which of the Following Requirements Does Not Have to Be

question 99

Multiple Choice

Which of the following requirements does not have to be met for a business or investment expense to be deductible:

• A)Be ordinary and necessary.
• B)Be reasonable in amount.
• C)Be recurring.
• D)Be the taxpayer's own expense.
• E)All of the above must be met.

---

Definitions:

Role Loss

The experience of losing a significant social or professional role, which can impact identity, status, and emotional well-being.

Well-being

A holistic term encompassing the physical, psychological, and social aspects of a person's health and happiness.

Retirement

The period in life when an individual stops working full-time or leaves the workforce entirely, often due to age.

Work Role

The function or duties that an individual is assigned to perform in a professional environment or job setting.