Question

Paid for trade expenses

Answer 1

Answer:

trade expense - ordinary and necessary expenses incurred in a taxpayer's business or trade

business expense

disbursal, disbursement, expense - amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)

organization expense - the cost (over a period of five years) of organizing a new corporation or partnership

promotional expense - the cost of promoting a product.

Explanation:

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