Choose the Correct Statement

question 94

Multiple Choice

Choose the correct statement:

• A)If a taxpayer does a lot of business travel, the taxpayer may deduct the amount paid for an airline club membership.
• B)Membership dues to a golf club are deductible as long as there is a business purpose.
• C)In order to be deductible, dues and subscriptions must be related to the taxpayer's occupation.
• D)If a financial planner becomes certified, then he/she may not deduct the Certified Financial Planner (CFP) dues because it is not necessary to be certified in order to engage in the business of being a financial planner.

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Definitions:

Add Value

The process of enhancing a product or service to make it more appealing to customers.

Blue-Collar

Refers to working-class individuals who perform manual labor, often in industries that involve physical work, such as construction or manufacturing.

Glass Ceiling

An invisible barrier preventing marginalized groups, often women and minorities, from advancing to higher levels of leadership or achievement.

Physical Disability

A condition that limits a person's physical functioning, mobility, dexterity, or stamina, impacting their daily activities and life.