Which of the following is a required test for the deduction of a business expense?
A) Ordinary
B) Necessary
C) Reasonable
D) All of the above
E) None of the above

Name: Which of the following is a required test for the deduction of a business expense? A) Ordinary B) Necessary C) Reasonable D) All of the above E) None of the above
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Question

Quizplus · Accepted Answer

All of the above requirements (ordinary, necessary, and reasonable) must be met for a business expense to be deductible.

Which of the Following Is a Required Test for the Deduction