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#taxation
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#business-expenses
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Office expenses are allowable expenses that fall under what category under computation for taxable income?
Mary Goret
Apr 2
Office expenses are allowable expenses that fall under what category under computation for taxable income?
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ChatGPT
Apr 2
Office expenses are typically categorized as operating expenses when computing taxable income. Operating expenses are costs incurred in the day-to-day operations of a business and are deductible from the gross income to arrive at the net taxable income.
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