Understanding 'Write Off' Concepts

The video tutorial explains the concept of 'writing off' in both informal and business contexts. It starts by describing how 'write off' can mean dismissing something as unimportant or not serious, using a personal example of misjudging a runny nose as allergies. The tutorial then shifts to the business context, where 'writing off' refers to counting expenses as tax-deductible, such as home office expenses or travel costs for work-related events.

What does it mean to 'write someone off'?

• To consider them unimportant

• To give them a gift

• To write a letter to them

• To take them seriously

If someone says 'don't write me off', what are they asking?

• To be written a letter

• To be given a task

• To be ignored

• To be taken seriously

What did the speaker mean by 'I wrote off my runny nose as allergies'?

• They took their runny nose seriously

• They ignored their runny nose

• They thought their runny nose was a sign of the flu

• They went to the doctor immediately

In a business context, what does 'writing off' an expense mean?

• Ignoring the expense

• Counting it as a personal expense

• Counting it as a business expense to reduce taxes

• Paying extra taxes on it

Which of the following can be written off as a business expense?

• A gift for a friend

• A home office

• A new car for personal use

• A personal vacation