Which of the Following Expenditures Are Not Deductible Because They

question 79

Multiple Choice

Which of the following expenditures are not deductible because they are personal in nature?
I.Premiums paid on liability insurance for the taxpayer.
II.Education costs that improves the taxpayer's skills in his/her trade or business.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Lymphangiogram

A diagnostic imaging test that uses a special dye to visualize the lymphatic system, including lymph nodes and vessels.

Cinematoradiography

A diagnostic technique combining radiography with motion picture techniques to study the movement of internal structures.

Cinemat/o

Relating to motion or movement; used in medical terms to describe conditions or technologies related to motion, such as in cineangiography.

Radiotherapy

A treatment using ionizing radiation, primarily used to control or kill malignant cells in cancer treatment.