What are ordinary and necessary expenses? Expenses that are common to most businesses. An expense that is appropriate and helpful in furthering the taxpayer's business or income-producing activity. Common and accepted in the general industry or type of activity in which the taxpayer is engaged. An expense that is mandated by the IRS. Expenses that are common to most businesses. An expense that is mandated by the IRS. Common and accepted in the general industry

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

Arecession is defined as a period in which