Match Each Statement with the Correct Term Below

question 38

Multiple Choice

Match each statement with the correct term below.
-Necessary Expense

• A)Specifically disallowed.
• B)Appropriate and helpful.
• C)Considered a trade or business.
• D)Not considered a trade or business.
• E)Problems with this generally arise with related parties.
• F)This is met when services or property are provided to the taxpayer.
• G)Normal, common, and accepted but not necessarily regularly recurring.
• H)This is met when the existence and the amount of a liability have been established.

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Definitions:

Nslookup

A Windows troubleshooting command that displays network domain names and their associated IP addresses.

Geotracking

Geotracking involves using GPS or other location-finding technologies to track the geographical location of an entity or object in real time.

Bluetooth Connectivity

A wireless technology standard for exchanging data over short distances between fixed and mobile devices, creating personal area networks.