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Question 34 (1 point) Listen A quick profit on a residential house flip is generally Capital gain Business income Property income Tax free Question 35 (2 points) =)Listen 14 15 Which situation allows more than 50 percent deduction for meals 17 18 Routine client lunch Long haul trucker meals 20 Employee birthday lunch Prospect meeting 23 24 Question 36 (2 points) =1) Listen 26 27 For tax inventory may be valued using 29 30 LIFO only Lower of cost or FMV by item or class or FMV of total inventory 32 33 Net realizable value only Replacement cost only 35 136 Question 37 (1 point) =) Listen Which expense is NOT deductible in computing business income hp