A necessary expense is one that is appropriate and helpful to the taxpayer's income activity.

Name: A necessary expense is one that is appropriate and helpful to the taxpayer's income activity.
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Quizplus · Accepted Answer

A necessary expense is one that is deemed appropriate and helpful to the taxpayer's income activity, such as expenses for supplies, advertising, rent, and utilities. These expenses can be deductible on tax returns, as they are necessary for the taxpayer to carry out their income-generating activities.

A Necessary Expense Is One That Is Appropriate and Helpful