Question
Which of the following is not deductible by the self-employed taxpayer? a.A subscription to The Harvard Law Review by a lawyer. b.A subscription to The
Which of the following is not deductible by the self-employed taxpayer?
a.A subscription to The Harvard Law Review by a lawyer.
b.A subscription to The Yale Medical Journal by a doctor.
c.A subscription to Financial Management by a financial planner.
d.A subscription to The CPA Journal by a CPA.
e.All of these choices are deductible.
Which of the following expenses is deductible as an entertainment expense?
a.The cost of a paintball party for clients paid for by a computer salesman at a computer fair.
b.The dues of a racket club used to keep in shape.
c.The cost of a hunting camp used to entertain customers.
d.The depreciation on an airplane used to entertain customers.
e.None of these choices are deductible.
Which of the following is not likely to be a deductible expense?
a.The cost of a party for all of Dan's employees to celebrate a record-breaking profits year.
b.The dues for Charles Coke to join the City Chamber of Commerce to generally improve the reputation of his business in the community.
c.The cost of tickets to a stage play for a client and the taxpayer.
d.The cost for Rosa to take a potential customer to lunch to describe a new service Rosa's company is offering. Unfortunately, the customer explains that they are not interested in the service.
e.None of these choices are deductible expenses.
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