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Pavel [41]
3 years ago
6

Which of the following is not a "trade or business" expense?

Social Studies
1 answer:
nignag [31]3 years ago
4 0

Answer:

Option C.

Explanation:

Parking ticket paid on business auto, is the right answer.

The term  Business expense is used to describe the expenses that are essential to run a business. In this way, all the expenses that are made on land, resources and labor etc are included in the Business expense.  Accordingly, the basic expenses, as well as compulsory expenses, includes the payment of tax, rent, salary etc.

Thus according to the given question "Parking ticket paid on business auto" will not come under the category of Business expense.

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