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Trade and Business Expenses Should Be Treated As

Question 6

Multiple Choice

Trade and business expenses should be treated as:


A) A deduction from AGI subject to the 2%-of-AGI floor.
B) A deduction from AGI not subject to the 2%-of-AGI-of-AGI floor.
C) Deductible for AGI.
D) An itemized deduction if not reimbursed.
E) None of the above.

Correct Answer:

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