5. A penalty charged by a commercial bank on the early withdrawal of money from a certificate of deposit account can be deducted for adjusted gross income.

6. A single person with $2,400 of earned income and $3,000 of unearned income is entitled to contribute $5,000 to her IRA.

7. Employees deduct qualified moving expenses as an itemized deduction.

8. Employees exclude the value of meals and lodging provided by their employer when they are provided on the employer's premises for the convenience of the employee.

9. Students with taxable scholarships report the taxable amount as additional wages.

10. The maximum annual contribution to a Roth IRA to a single taxpayer, age 50, whose only source of income is $40,000 of wages is $5,000.