Answer:
A
Explanation:
Deductible expenses are cost that can be subtracted from an individual's income before tax is paid.
Joe as a self employed will gets no deductions for his annual dues, initiation fees and personal meal with family. But a 50% deduction is allowed under law of the Internal Revenue Code for charges related to business use and are adequately supported by business records.. If he spends $4000 for charges related to business use
There 50% × 4000
=$2000 may be deducted
