Examples of Ordinary and necessary in a sentence
Ordinary and necessary expenses paid or incurred during the tax year in connection with income, or property held to produce income, that is subject to New York State income tax, but exempt from federal income tax, if these expenses were not deducted on the federal return or subtracted on line 5.
Ordinary and necessary expenses include one-half of the self-employment tax actually paid.
Ordinary and necessary insurance costs are permitted in accordance with these cost principles.
Ordinary and necessary expenses do not include amounts determined by the court to be inappropriate for determining gross income for purposes of child support.
Ordinary and necessary expenses paid or incurred in connection with income, or property held to produce income, that is exempt from New York State income tax, if not added on line 3.
Ordinary and necessary business expenses include transportation expenses incurred for mileage between campuses of the College in a personal vehicle when an Employee is required by the College to be on more than one campus on a day, but does not include commuting expenses.
Within this branch, data processing was the most important activity.
Ordinary and necessary expenditures connected with a trade or business.2. Adjustments to gross income.
Ordinary and necessary communications which Senators and staff must conduct with their homes and business interests while serving in their public capacities are permitted.
Ordinary and necessary living expenses of the mother including but not limited to the costs of housing, food, utilities, and transportation for medical purposes related to the pregnancy and birth of the child, in an amount not to exceed two thousand dollars and for no longer than thirty days after the birth of the minor person.