Various criteria will disqualify the deduction of a business or investment related expenditure. Which of the following criteria will not disqualify a business or investment expenditure?
A. expenses related to tax-exempt income
B. capital expenditure
C. expenses are not incurred annually
D. expenses are illegal or in violation of public policy
Answer: C
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The intentional preparation of misleading financial statements is referred to as fraudulent financial reporting
Indicate whether the statement is true or false
Allen has the following capital gains and losses and qualified dividend income during the current year: Short-term capital gain$4,000 Collectibles loss(5,000) Long-term capital gain 1,000 Qualified dividend income3,000 Allen's capital gain/loss position for the year is:
A. a long-term gain of $1,000; a short-term capital gain of $2,000. B. a net short-term capital gain of $1,000. C. a short-term capital gain of $4,000; a long-term capital loss of $1,000. D. a net short-term capital gain of $3,000. E. a net capital gain of $-0-.
With respect to interpersonal skills, standup meetings
A) represent a good opportunity to enhance these skills. B) become unimportant because of limited time. C) tend to suppress such skills. D) discourage the ability to resolve disagreements on the spot.
Laws that require employers to disclose relevant safety information regarding toxic and hazardous substances to employees are known as
A. wellness laws. B. right-to-know laws. C. admission laws. D. hazardous data laws.