Question

basis of allocation of miscellaneous expenses is​

Answer 1

An allocation baae is the basis upon which an entity allocates its overhead costs .An allocation base takes the form of an quantity such as machine hours used , kilowatt hours consumed or square footage occupied but miscellaneous expanse examples include clothes , a computer , euipment , a work uniform and wprk boots with some exceptions . Miscellaneous expenses are defined by the IRS as any write off that doesn't fit into one of their tax categories . Small buisness owners can claim these expenses to reduce thier taxable income .

i hope this helps u and plz .......mark me brainliest .