Miscellaneous business expenses are only useful if:

Question

Quizplus · Accepted Answer

Miscellaneous business expenses can only be deducted as an itemized deduction and must exceed 2% of the taxpayer's adjusted gross income (AGI). Therefore, both choices A and B are correct. However, this deduction is only available to taxpayers who are self-employed or have unreimbursed job expenses, so choice D is not applicable. And choice C is incorrect because the standard deduction does not include miscellaneous business expenses.

Miscellaneous Business Expenses Are Only Useful If