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Lloyd, a Practicing CPA, Pays Tuition to Attend Law School

question 76

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Lloyd, a practicing CPA, pays tuition to attend law school.Since a law degree involves education leading to a new trade or business, the tuition is not deductible.


Definitions:

Geographic Region

A specific area or division on the Earth's surface characterized by unique physical, political, or cultural traits.

Projects

Unique, temporary endeavors undertaken to create a product, service, or result with specific objectives that must be accomplished within set parameters of time, budget, and resources.

Products

Goods or services offered by a company to customers.

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