Question

Which of the following is not a nondeductible expense?

1) Child support payments
2) Funeral expenses
3) Personal living expenses
4) Capital expenditures
5) Casualty and theft losses in excess of 10

Answer 1

Answer:10) Child support payments

Step-by-step explanation:

This is because child support payments are not considered a deductible expense for federal income tax purposes12. The other options are deductible expenses, subject to certain limitations and conditions.

Answer 2

This question is asking about the elements included and not included in GDP (Gross Domestic Product). Included components are services like hospital stays and licensed child care, as well as the production and sale of new goods. Not included components are unpaid services like childcare provided by grandparents and the transfer of existing goods.

Step-by-step explanation:

The subject of this question is Social Studies. It is asking about the components that are included and not included in GDP (Gross Domestic Product).

a. The cost of hospital stays would be included in GDP as it represents a service provided.

b. The rise in life expectancy over time would not be included in GDP as it is not a tangible good or service.

c. Child care provided by a licensed day care center would be included in GDP as it represents a service provided.

d. Child care provided by a grandmother would not be included in GDP as it is an unpaid service.

e. A used car sale would not be included in GDP as it is the transfer of an existing good.

f. A new car sale would be included in GDP as it represents the production of a new good.

g. The greater variety of cheese available in supermarkets would be included in GDP as it represents an increase in production and variety of goods.

h. The iron that goes into the steel that goes into a refrigerator bought by a consumer would be included in GDP as it represents the production and sale of goods.