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7. In addition to income tax and self-employment tax, Taxpayers may be subject to: the Alternative Minimum Tax. the Net Investment Income Tax. the Additional

7. In addition to income tax and self-employment tax, Taxpayers may be subject to:

  1. the Alternative Minimum Tax.
  2. the Net Investment Income Tax.
  3. the Additional Medicare Surtax.
  4. all of the above.

8. All of the following are examples of above-the-line deductions that are subtracted from gross income, EXCEPT:

  1. contributions to health savings accounts
  2. charitable contributions

c. qualified tuition and fees

d. IRA contributions

9. Deductions are better than credits for most taxpayers. (True/False)

10. Filing status has little or no effect on the taxpayers tax liability. (True/False)

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