a. 13. Which of the following types of interest income are taxable (i.e., not tax deferred or tax exempt) for Federal income tax purposes? Interest on City of Boston bonds b. Interest on Series EE U.S. Savings bonds Interest on State of New Hampshire bonds. d. None of the above are taxable All of the above are taxable C. e. a. c. 14. The crucial reason for determining whether an item is deductible as an expense under $ 162 or under $ 212 is that tax preparation fees are not deductible. b. it resolves certain ownership questions. $162 business expenses are usually deductions from A.G.I. and not deductible in 2021, while $212 production-of-income expenses are usually deductions for A.G.I. d. 162 business expenses usually are deductions for A.G.I., while 212 production-of-income expenses usually are miscellaneous itemized deductions and not deductible in 2021. a. 15. Which of the following statements is not true concerning deductions "for" and "from" adjusted gross income (A.G.I.)? A deduction from A.G.I. has no effect on the taxpayer's self-employment tax liability. b. Corporations do not have to classify their deductions as deductions for and from A.G.I. Misclassification of a deduction for A.G.I. (instead of from AGI) has no effect on the taxpayer's tax liability, assuming the taxpayer itemizes her or his deductions. d. Misclassification of a deduction for A.G.I. (instead of from AGI) never has an effect on the taxpayer's medical expense deduction if the taxpayer uses the standard deduction. C. a. 16. Which of the following is not a deduction for A.G.I.? Property insurance expense for a rental property actively managed by the taxpayer. b. Deductible expenses related to a self-employed accountant's home office. Employee transportation expense reimbursed by the employer and included in employee's income. d. Employee transportation expense not reimbursed by the employer. c