According to the Internal Revenue Code §162,deductible Trade or Business

question 15

Multiple Choice

According to the Internal Revenue Code §162,deductible trade or business expenses must be one of the following?

• A) incurred for the production of investment income.
• B) ordinary and necessary.
• C) minimized.
• D) appropriate and measurable.
• E) personal and justifiable.

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Definitions:

Objectives

Objectives are specific, measurable goals that individuals or organizations aim to achieve within a set timeframe.