deductible business expense

Definition of "deductible business expense"
  1. A cost that is typical and essential for operating a business and can be subtracted from the company's gross receipts to reduce taxable income
How to use "deductible business expense" in a sentence
  1. His vehicle maintenance costs became a deductible business expense since he used it for deliveries.
  2. Rent payments for the office space is a common deductible business expense.
  3. Because I used my laptop primarily for business, it qualified as a deductible business expense.

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