23. Assume Congress wishes to encourage healthy eating and is considering a deduction for spinach purchases. In order to maximize the value of this tax deduction for taxpayers, Congress should provide for a(n)

A) itemized deduction.

B) deduction from AGI.

C) deduction for AGI.

D) All of the above would provide the same tax savings to taxpayers

24. In which of the following situations are points paid on a home mortgage loan not deductible in the year of payment?

A) purchase

B) improvement

C) construction

D) refinance

25. Which of the following is not required for an accrual method taxpayer to currently deduct the cost of services received?

A) The existence of a liability must be established.

B) The amount of the liability is determined with reasonable accuracy.

C) The services must actually be provided.

D) The liability must be paid.