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question content areawhich of the following expenses, if any, are deductible? a.tax return preparation fee paid by a nonemployed retiree. b.bottled water purchased by a gig driver for passengers. c.unreimbursed employee expenses. d.safety shoes purchased by a plumber employed by a company.

Respuesta :

The right answer is (b), meaning that expenditures, that, are deducted are bottled water that a gig driver buys for passengers.

What costs qualify as tax deductions?

Mortgage interest payments, state and local tax payments, and charitable deductions are some of the most often used deductibles for those who make a living from wages. Medical expenses paid out-of-pocket are deducted. Many of the associated costs may also be deductible for self-employed individuals.

What costs are permitted?

Essential business costs that are not taxable are known as allowable expenses. The taxable earnings of a business do not include allowable expenses. Due to this, you are not taxed on these expenses.

What are five deductible expense examples?

Deductions from taxes

  • Advertising/marketing.
  • Transportation/travel.
  • Interest.
  • Insurance.
  • Fuel prices.
  • fees for administration and management.
  • Delivery.
  • repairs and maintenance.

Learn more about deductible expense: https://brainly.com/question/28505987

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