Assertion: expense | /r/HasProperty | deducted
Facets:
value: schedule a. furthermore
type: OTHER
value: from revenue
type: OTHER
Source sentences:
text: Not All Expenses Can Be Deducted
text: Expenses are deducted from revenue to determine the profitability of a company.
text: Schedule A. Furthermore, only those expenses that exceed 7.5% of the taxpayer's adjusted gross income (AGI) can be deducted.
text: For a complete list of expenses that can be deducted, please see the Schedule C instructions Part II Expenses.
text: This rule means that money spent on monitoring and reviewing government affairs and complying with legislation, either current or proposed, is acceptable, and these expenses can be deducted.
text: Itemized educational expenses are subject to the 2 percent of AGI limitation, which means that the amount of the expenses that can be deducted may be reduced by as much as 2 percent of the adjusted gross income.