Which expenses incurred in a trade or business are deductible?

Name: Which expenses incurred in a trade or business are deductible?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Supplies expenses directly related to the trade or business are considered deductible expenses.

Answer: C
 Political lobbying expenses are generally not considered deductible expenses, except for certain limited circumstances.

Answer: A and D 
 Fines and penalties as well as bribes are not considered deductible expenses for any trade or business.

Which Expenses Incurred in a Trade or Business Are Deductible