ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income
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Expense
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Either A or B
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None of the above
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Detailed explanation-1: -When a pet provides a service to a business, generates income, or is a service animal, pet expenses could be itemized. If you foster a pet or donate to pet charities, you might be able to take advantage of pet deductions.
Detailed explanation-2: -Operating Expenses For businesses that provide food as part of their service, such as restaurants or catering companies, food will usually be classified as an operating expense.
Detailed explanation-3: -Bank, overdraft and credit card charges. Interest on bank and business loans. Hire purchase interest. Leasing payments. Alternative finance payments such as Islamic finance. 26-Oct-2022
Detailed explanation-4: -Standard deduction and itemized deductions. Deductible nonbusiness taxes. Personal Property tax. Real estate tax. Sales tax. Charitable contributions. Gambling loss. Miscellaneous expenses. More items •11-Jan-2023