Match Each Statement with the Correct Term Below

question 18

Multiple Choice

Match each statement with the correct term below.
-Capital expenditure

• A)Automobile used 75% for business.
• B)Investment interest expense on loan to acquire municipal bonds.
• C)Cost of investigating a new trade or business that the taxpayer enters.
• D)Can be separated into two classifications.
• E)Expenses related to royalty income
• F)Expenditure to influence legislation.
• G)Cost of a new roof for office building.
• H)Relates to an income producing activity mainly carried on for recreation or personal enjoyment.
• I)Deductibility depends on income and amount of personal and rental use.
• J)Deductibility depends on whether the area is used exclusively for trade or business activities.

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Definitions:

Community Outreach

Initiatives and programs designed to engage and build relationships with the local community or specific demographic groups.

Systematic Approach

A methodical plan or process followed to achieve a specific goal or solve a particular problem.

Relevant Labor Market

The geographic and occupational area from which an employer recruits employees or expects to recruit.

High Unemployment

A situation where a larger than normal portion of the workforce is without jobs, indicating economic distress.