Discuss rule for taxpayers who are employees of a business

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Reference no: EM133261804

One of the general limitations in DA 2 specifies that "a person is denied a deduction for an amount of expenditure or loss to the extent to which it is incurred in deriving income from employment. This rule is called the employment limitation."

a) Discuss the implications of this rule for taxpayers who are employees of a business compared to taxpayers who are self-employed/independent contractors.

Reference no: EM133261804

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