3. Which one of the following are valid deductible educational expenses? A. Professional development courses required by an employer for retaining a position. B. A tax seminar attended for reasons unrelated to one’s present job. C. A college or vocational course necessary to be considered for a job. D. A professional continuing education program that qualified the taxpayer for a new job.
3. Which one of the following are valid deductible educational expenses? A. Professional development courses required by an employer for retaining a position. B. A tax seminar attended for reasons unrelated to one’s present job. C. A college or vocational course necessary to be considered for a job. D. A professional continuing education program that qualified the taxpayer for a new job.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. Which one of the following are valid deductible educational expenses?
A. Professional development courses required by an employer for retaining a position.
B. A tax seminar attended for reasons unrelated to one’s present job.
C. A college or vocational course necessary to be considered for a job.
D. A professional continuing education program that qualified the taxpayer for a new job.
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