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Attached are statements relating to deductions for Federal income tax purposes related to employee and self employed individuals expenses. REQUIRED: Using the list of
Attached are statements relating to deductions for Federal income tax purposes related to employee and self employed individuals expenses. REQUIRED: Using the list of choices provided below, match the choice with the item on the list of attached statements that best relates to that choice. Choices can be used only once. with the exception of Choice L which may be used more than once. CHOICES FOR STATEMENTS RELATING TO DEDUCTIONS FOR EMPLOYEES AND SELF EMPLOYED INDIVIDUALS A Must involve the same trade or business B Must be for the convenience of the employer. C Meals while in route. D Lodging while in route. E Out of town job assignment is temporary F Subject to Social Security tax but not income tax withholdings. G Payment for services rendered based on tasks performed. H Excludes use of MACRS depreciation Taxpayer is provided with tools and a place to work JTransportation must be allocated if taxpayer spends two weeks on business and one week sightseeing K Paralegal obtains a law degree. L Correct match not provided STATEMENTS RELATING TO EMPLOYEE AND SELF EMPLOYED INDIVIDUALS AND DEDUCTIONS ALLOWED FOR FEDERAL TAX PURPOSES a. Characteristic of a taxpayer who has the status of an employee. b. Characteristic of a taxpayer who is self employed. c. Characteristic of a taxpayer who is classified as a statutory employee. d. Automatic mileage method Deductible moving expense. Nondeductible moving expense Mixed (both business and pleasure) foreign travel h. Education expense that is deductible to maintain or improve existing skills. i Tax home has not changed. j Deductible job hunting expenses k Deduction by an employee of unreimbursed office in the home expenses. 1. Safety goggles purchased by an employed carpenter.
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