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QUESTION 6 One of the criteria to be satisfied in order for a business to deduct an expense is that the expense be necessary.
QUESTION 6 One of the criteria to be satisfied in order for a business to deduct an expense is that the expense be "necessary." In applying this standard, case law has determined that necessary means A. Indispensable OB Mandated by law OC. Appropriate and helpful to the business OD. None of the above QUESTION 7 Linda had a swimming pool constructed at her house. Her physician advised and prescribed to her that the pool would slow the effects of her degenerative disease. The pool was not suitable for recreational use. Prior to the construction of the pool, the fair market value of her house was $172,000 After the construction of the pool, the appraised fair market value of the house was $181.000. The cost of the pool was $14,000, What is the amount of Linda's qualified medical expense (before considering limits based on AGI)? OA$13.000 OB $5000 300 O0.$4,000 3.33
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