The Internal Revenue Code Authorizes Deductions for Trade or Business

question 6

True/False

The Internal Revenue Code authorizes deductions for trade or business activities if the expenditure is "ordinary and necessary."

---

Definitions:

Sexually Abused

A situation where an individual is subjected to unwanted sexual activity by another.

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control, at the expense of flexibility, openness, and efficiency.

Unforgiving Perfectionist

Describes someone who adheres rigidly to extremely high standards without allowing room for error or forgiveness.

Rigid

Describes something that is inflexible, strict, or set in its ways, often used in both physical and metaphorical contexts to denote lack of adaptability.