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 if the business is to succeed.
B)mandated by law.
C)appropriate and helpful to the business.
D)none of the above.

Question

Quizplus · Accepted Answer

Case law has determined that necessary expenses are those that are appropriate and helpful to the business, but not necessarily indispensable or mandated by law.

One of the Criteria to Be Satisfied in Order for a Business