...allowed as deductions : Ordinary expenses incurred during taxable year; salaries; traveling expenses. (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount...

...Revenue Act of 1926 : Section 214. (a) In computing net income there shall be allowed as deductions : (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount...

...allowed in order to arrive at the net income of a corporation : (1) All expenses paid during the year, including a reasonable allowance for salaries or other...compensation for personal services actually rendered and rentals or other payments made for using property not owned by the corporation. (2) Interest paid on...

...allowed in order to arrive at the net income of a corporation : (1) All expenses paid during the year, including a reasonable allowance for salaries or other...compensation for personal services actually rendered and rentals or other payments made for using property not owned by the corporation. (2) Interest paid on...

...following deductions: (a) All ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered in producing the taxable income. (b) All interest...

...(a) Expenses. — All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services NOTE.— The remainder of section 213 (b) of the act of 1926 will...

...deductions: (l) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a. reasonable...including rentals or other payments required to be made as a condition to the continued use or possession of property to which the corporation has not...

...of a corporation subject to the tax imposed by section 23o there shall be allowed as- deductions : (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal servicesactually rendered, and including rentals or other payments required...

...Deductions Allowed Individuals SEC. 214. (a) In computing net income there shall be allowed as deductions : (1) All the ordinary and necessary expenses paid or...trade or business, including a reasonable allowance tor salaries or other compensation for personal services actually rendered; traveling expenses (including...

...income of a corporation subject to the tax imposed by section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or...carrying on any trade or business, including a reasonable allowauce for salaries or other compensation for personal services actually rendered, and including...