A business meal is deductible when:

A.the expense is reasonable

B. the expense is totaled with entertainment

C. only employees are present at the meal

D. part of membership dues

E. all of the above

F. only A and C

a US citizen legally living in a foreign country for 300 days who earned $100,000 in 2021 can exclude $_______ from US income

A. $100,000

B. zero

C. $89,342

D. $88,438

Traditional IRAs can be rolled over into a Roth IRA, and Roth can be rolled over into traditional, but only Roth distributions are tax free.

True

False

Retirement plan types include (mark all that apply)

A. Tuition

B. Simple

C. Roth IRA

D. Keogh

E. Cafeteria

F. Traditional IRA

G. Complex

Who is considered the employer and who is furnishing the meal must both be satisfactorily answered in the affirmative for a deduction for meals to be sustained.

True

False

Unreimbursed business expenses are deductible by an independent contractor

True

False