Answer the following statements true (T) or false (F)
1. If a self-employed individual is not "away from home," expenses related to local transportation are never deductible.
2. Jason, who lives in New Jersey, owns several apartment buildings in Baltimore. His travel expenses to Baltimore to inspect his property are tax deductible.
3. According to the IRS, a person's tax home is the location of the family residence regardless of the location of the taxpayer's principal place of work.
4. In determining whether a worker is considered to be in travel status for tax purposes, a general rule is that if a person is reassigned for an indefinite period, the individual's tax home shifts to the new location and the worker is not considered to be in travel status.
5. A worker is considered to be in travel status for temporary work assignments of two years or less.
1. FALSE
Such expenses may be classified as deductible transportation expenses.
2. TRUE
3. FALSE
According to the IRS, a taxpayer's home is his principal place of employment.
4. TRUE
The assignment must generally be for a period of one year or less to be considered in travel status.
5. FALSE
The assignment must generally be for a period of one year or less to be considered in travel status.
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According to the critical industrial relations perspective, the answer to "the labor problem" is:
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