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7. Check all the items that can possibly be taken as a FOR AGI Adjustment: Casualty Educator Expenses Self-employment taxes Medical Expenses Business Expenses Real-Estate

7. Check all the items that can possibly be taken as a FOR AGI Adjustment:

Casualty

Educator Expenses

Self-employment taxes

Medical Expenses

Business Expenses

Real-Estate Taxes on Residence

Tuition paid for your degree at EKU

8. Check all the items that can possibly be taken as a FOR AGI adjustment:

Student Loan Interest Paid

State Income Taxes Paid

Moving Expenses

Health Savings Account Contributions

Personal Property taxes paid

Early Withdraw from Savings Penalty

Charitable Contributions

10. Which of the following is a true statement?

The deduction of educational expense for a dependent is claimed as an itemized deduction.

The deduction for the employer portion of self employment taxes is subject to a phase-out limitation.

The deduction for interest on educational loans is subject to a phase-out limitation.

Taxpayers are allowed to deduct reasonable moving expenses if the expenses are not reimbursed by their employers.

All of the choices are false.

11. Deductible medical expenses generally include payments for nonprescription (over the counter) medicine.

Yes

No

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