11

Question 11 (1 point) There are two sections in the question. The first section lists choices 1 through 5. Each of those describes a potential taxable deduction treatment. The lower section contains a description of actual expenditures. Pick (by number) which one of the treatments listed in the first section applies to the expenditure. OF COURSE, YOU MUST CONSIDER THE CIRCUMSTANCES LISTED!! $7,000 family health savings account deduction for a self-employed person with business income of $100,000 and a high deductible plan $6,000 paid for maid service on one's personal residence (Hint: What type of expenditure is this and do you see it anywhere on the return?) 1. Fully Deductible FOR AGI 2. Partially Deductible FOR AGI Out of pocket, after-tax medical expenses of $10,000 for a taxpayer with an AGI of $60,000 (chapter 10 notes) 3. Fully Deductible FROM AGI (itemized deductions) 4. Partially Deductible FROM AGI (itemized deductions) 5. Not Deductible Student loan interest of $1,500 to an unmarried taxpayer with an AGI of $85,000. (Chapter 10 notes) Unreimbursed employee business expenses of $2,000 incurred by an attorney who is an employee (SEE CHAPTER 10 NOTES)