Employee business expenses are no longer deductible on Schedule A for federal purposes. Why are they still relevant? A. They are deductible on another form B. If your income is less than certain thresholds you still get a benefit C. They are deductible for California purposes D. None of the above

Employee business expenses are no longer deductible on Schedule A for federal purposes. Why are they still relevant? A. They are deductible on another form B. If your income is less than certain thresholds you still get a benefit C. They are deductible for California purposes D. None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Employee business expenses are no longer deductible on Schedule A for federal purposes. Why are they still relevant?

A. They are deductible on another form

B. If your income is less than certain thresholds you still get a benefit

C. They are deductible for California purposes

D. None of the above

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