3. Married taxpayers filing jointly, but living apart from their spouses cannot contribute to a regular IRA if their AGI exceeds $40,000.

a. True

b. False

7. A taxpayer is allowed to take an itemized deduction for a casualty loss resulting from damage to the taxpayer's automobile caused by a collision, even if the taxpayer was at fault.

a. True

b. False

8. State inheritance taxes, estate taxes, and gift taxes are not deductible as itemized deductions.

a. True

b. False

9. Miscellaneous itemized deductions include the excess of gambling losses over gambling winnings.

a. True

b. False

10. Meal receipts containing a notation for the business purpose, business relationship, and name of the business guest will be regarded as containing adequate substantiation.

a. True

b. False