| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| earnings |
business returns |
deductible expenses |
|
Summary:
The claimant had received a personal loan from his parents to set up his business and had repaid $3,750.00 on this loan during the period the Commission allocated his earnings from his self-employment. The Umpire stated that Black's Law Dictionary defines "operating expense" as: "Those expenses required to keep the business running, e. q. rent, electricity, heat. Expenses incurred in the course of ordinary activities of an entity". He concluded that the Board erred in law in including the repayment of a loan as an expense and confirmed the Commission's decision.
