Question
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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