Question

True or false: Interest expense and income tax expense are considered general and administrative expenses and, therefore, are included on the general and administrative expense budget. True false question. True False

Answer 1

Answer: True

Step-by-step explanation:

Interest expense and income tax expenses generally are stand-alone expenses but they fall under general and administrative expenses required to run the business.

Interest expense is charged on debt that was taken to run the company so will be an admin expense and tax is part of the expenses that a company has to take care of in order to run the company so it is an admin expense as well.