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Which of the following characteristics are required for a business expense to be deductible? 1) Necessary
2) Ordinary
3) Directly related to the business

Respuesta :

Ordinary, Necessary, and Directly related to the business activity are characteristics required for a business expense to be deductible.

A cost is an item requiring an outflow of cash, or any shape of fortune in trendy, to every other man or woman or group as a charge for an item, provider, or different class of prices. For a tenant, rent is an expense. For college students or mothers and fathers, tuition is a fee. Shopping for food, apparel, fixtures, or a vehicle is regularly called a rate. A fee is a price that is "paid" or "remitted", generally in change for something of a cost. Something that appears to cost an amazing deal is "pricey". Something that seems to price little is "less expensive". "charges of the desk" are costs for eating, refreshments, a ceremonial dinner, etc.

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