According to the Internal Revenue Code §162,deductible business expenses must be one of the following?

Question

Quizplus · Accepted Answer

Deductible business expenses must be both ordinary (common and accepted in your trade or business) and necessary (helpful and appropriate for your trade or business). Investment income (choice A), minimizing expenses (choice C), appropriateness and measurability (choice D), and personal justifiability (choice E) are not the criteria for deductibility of business expenses.

According to the Internal Revenue Code §162,deductible Business Expenses Must