$12.$ IDENTIFICATION

KEY:

$1=$ An item that is included in the computation of $$Total Income$$

$2=$ An item that qualifies as an $$Adjustment to Income$$

$3=$ An item that is normally considered an $$Itemized Deduction$$

$4=$ An item that is a $$Tax Credit$$

$5=$ An item that is an example of an $$Other Tax$$

$6=$ None of the above is true

Required: Using the key above, indicate what each of the following represent for an individual taxpayer in $2023.$

$\_\_\_\_\_$ a$.$ Self$-$employment tax

$\_\_\_\_\_$ b$.$ Deductible part of the self$-$employment tax

$\_\_\_\_\_$ c$.$ Wages, salaries, tips, etc.

$\_\_\_\_\_$ d$.$ Interest income earned on the bonds of another company

$\_\_\_\_\_$ e$.$ Municipal bond interest income $($tax exempt$)$

$\_\_\_\_\_$ f$.$ State income taxes and property taxes

$\_\_\_\_\_$ g$.$ Child tax credit

$\_\_\_\_\_$ h$.$ A contribution to an IRA retirement plans $($IRA deduction$)$

$\_\_\_\_\_$ i$.$ Gifts received

$\_\_\_\_\_$ j$.$ Business income or $($loss$)$

$\_\_\_\_\_$ k$.$ Health savings account deduction

$\_\_\_\_\_$ l$.$ Proceeds from life insurance policies

$\_\_\_\_\_$ m$.$ Mortgage interest

$\_\_\_\_\_$ n$.$ Credit card interest

$\_\_\_\_\_$ o$.$ Capital gain or $($loss$)$

$\_\_\_\_\_$ p$.$ Charitable contributions

$\_\_\_\_\_$ q$.$ Residential energy credit