Are selling and administrative expenses of a business deducted before or after gross income?

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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 05:42 AM

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Are selling and administrative expenses of a business deducted before or after gross income?

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Selling and administrative expenses are deducted after gross income to arrive at the net income of a ...View the full answer

CCH Federal Taxation Basic Principles 2020

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