In which of the following situations may the taxpayer take an education expense on Schedule C? a.John, a plumber by trade, is taking classes to qualify as an electrician so he may take on more complex contractor jobs. b.Henry, a self-employed administrative assistant, is taking an advanced Word computer program class through an adult school program. c.Ann Marie, a hostess at a restaurant, is taking a review course in order to pass the certified financial planner examination. d.Barbie, a salesperson, is flying on numerous commercial airplanes in order to observe the flight attendants so that she may improve her public relations skills.
In which of the following situations may the taxpayer take an education expense on Schedule C? a.John, a plumber by trade, is taking classes to qualify as an electrician so he may take on more complex contractor jobs. b.Henry, a self-employed administrative assistant, is taking an advanced Word computer program class through an adult school program. c.Ann Marie, a hostess at a restaurant, is taking a review course in order to pass the certified financial planner examination. d.Barbie, a salesperson, is flying on numerous commercial airplanes in order to observe the flight attendants so that she may improve her public relations skills.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In which of the following situations may the taxpayer take an education expense on Schedule C?
a.John, a plumber by trade, is taking classes to qualify as an electrician so he may take on more complex contractor jobs.
b.Henry, a self-employed administrative assistant, is taking an advanced Word computer program class through an adult school program.
c.Ann Marie, a hostess at a restaurant, is taking a review course in order to pass the certified financial planner examination.
d.Barbie, a salesperson, is flying on numerous commercial airplanes in order to observe the flight attendants so that she may improve her public relations skills.
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