Diane is a self-employed graphic designer with a qualified in-home office. Which of the following is not a business expense for Diane?
A. 80% of expenses attributable to business lunches.
B. Tax preparation fees relating to the consulting business.
C. Direct and indirect expenses of using the home for business purposes.
D. Legal expenses attributable to her business.

Question

04-01-2021
Business

Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Diane is a self-employed graphic designer with a qualified in-home office. Which of the following is not a business expense for Diane?
A. 80% of expenses attributable to business lunches.
B. Tax preparation fees relating to the consulting business.
C. Direct and indirect expenses of using the home for business purposes.
D. Legal expenses attributable to her business.

Sagot :

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.

Which of the following combinations of monetary and fiscal policies would have the GREATEST effect on fighting inflation?

!Please help! ~~~~~~~~~~~~~

Ancient Egypt most likely developed along the Nile River for which of the following reasons? The river was used as protection between Egypt and their enemies. T

what percent of 200 is 290

write the fraction as a product of a whole number and a unit fraction.....5/12?

What is the relationship between Boers and Afrikaners? A).Boers are of British origin, while Afrikaners are originally from Belgium. B).Boers are of Dutch ori

It takes 60 minutes for 4 people to paint 8 walls. How many minutes does it take 6 people to paint 9 walls?

A doctor suspects that one of her patients has a deficiency in one of the six key elements found in living organisms. He has low energy and extremely weak, soft

What year was the Louisiana Purchase

Which sentence uses the simple future tense of bake? A. The chef at the restaurant is baking fresh rolls. B. The chef at the restaurant bakes fresh rolls. C.

topeadeniran2 topeadeniran2 · Answer 1 · 2021-01-04T19:24:09-05:00

Answer: A. 80% of expenses attributable to business lunches.

Explanation:

Based on the options given, the business expense for Diane would be tax preparation fees relating to the consulting business, the direct and indirect expenses of using the home for business purposes and the legal expenses attributable to her business.

It should be noted that 80% of expenses attributable to business lunches is the correct option. This is a sort of trick question. Why should only 80% of the lunch expense be attributable and not the whole 100%.

The correct option is A.

Sagot :

Other Questions