A necessary trade or biisiness expenditure is one which is: a. Reasonable inamount b. Commonly incurred by

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A necessary trade or biisiness expenditure is one which is:

a. Reasonable in‘amount

b. Commonly incurred by other businesses

c. Appropriate for a particular business

d. Not a capital expenditure

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 18, 2024 07:27 AM

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A necessary trade or biisiness expenditure is one which is: a. Reasonable inamount b. Commonly incurred by

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CCH Federal Taxation Basic Principles 2020

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