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Generally speaking, expenses that are deductible against net business income for tax purposes ________. Choose the correct answer. A. are highly limited, and therefore, rarely
Generally speaking, expenses that are deductible against net business income for tax purposes ________.
Choose the correct answer.
A.
are highly limited, and therefore, rarely used
B.
are only those expenses specified within the Income Tax Act
C.
must be related to activities that are legal in nature
D.
must be incurred for the purpose of generating business income
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