2	X, Y and Z support their mom who lives in Nursing Home. X pays 60% of her living expenses
	Y pays 30% of the expenses and Z pays 10% of the expenes. Any of X,Y and Z can claim
	her mom as a dependednt
	a	TRUE
	b	FALSE
3	X and Y are married. They want to file separate returns. X wants to use standard deduction
	while Y wants to use itemized deductions.
	a	TRUE
	b	FALSE
4	X borrowes money to buy mortgage bonds issued by City of Houson. He paid $15,000
	interest in 2022 to buy these bonds. He can deductt $15,000 as an itemized deductio
	on his tax return
	a	TRUE
	b	FALSE
5	To qualify for foreign eaned income exclusion, you must stay and work in foreign country
	for 325 days
	a	TRUE
	b	FALSE
6	John rented his home in Houston during Super Bowl for eight days in 2022 and eaned $12,000
	He must report income on his tax return for 2022
	a	TRUE
	b	FALSE
7	On March 1, 2022 John prepaid rent expenses on his rented office for one year ending on
	Feb 28, 2023. On his tax reurn for 2023, he can deduct rent expense for two months
	a	TRUE
	b	FALSE
8	Certain personal expenses may be dedutible for tax purpose
	a	TRUE
	b	FALSE
	M/C
9	QBI deductions are
	a	Deduction for AGI
	b	Deduction from AGI
	c	Not deductible
	d	None of the above
10	Investment interest expenses are
	a	Deduction from AGI
	b	Deduction for AGI
	c	Not deductible
	d	None of the above

Deductions from AGI are always deductible and deductios for AGI may be deductible a b TRUE FALSE