Question

Question 3
A 50 percent deduction is allowed for amounts paid or incurred for dues and fees paid to social, athletic, sporting, or country clubs.
Question 3 options:
   1) True
   2) False

Question 4
If a taxpayer has two places of business in different areas, the IRS usually does not consider the following factor in determining the taxpayer's principal place of business:

Question 4 options:

1) Taxpayer's preference for principal place of business

2) Degree of business activity at each location

3) Amount of income at each location

4) Amount of time spent at each location

Answer 1

Question 3

2) False, As no deduction is allowed for the same

Question 4

4) Amount of time spent at each location.