Which of the following is a required test for the deduction of a business expense?
A)Ordinary
B)Necessary
C)Reasonable
D)All of these
E)None of these

Question

Quizplus · Accepted Answer

All three (ordinary, necessary, and reasonable) are required tests for the deduction of a business expense. The expense must be ordinary and necessary in the course of the business, and the amount of the expense must be reasonable.

Which of the Following Is a Required Test for the Deduction