can you please help me answer these questions as well as a little explaination on why. doesnt have to be long just so I can better understand. thank you
22. Which of the following statements is not true about limits on 2018 itemized deductions? a. Qualified medical expenses must be reduced by 7.5% of the AGI. b. The deduction of state and local taxes paid is limited to $10,000. c. Depending on the type of contribution and recipient of the contribution, the deduction for charitable contributions is limited to 60%, 50%, 30%, or 20% of AGI. d. The deduction for investment interest cannot exceed investment income and the deduction for gambling losses cannot exceed gambling winnings. e. At the bottom of Schedule A, there is an overall limit on itemized deductions based on AGI and filing status. 23. An individual who provides services to your business, but is not an employee is considered to be: a. A statutory employee. b. An independent contractor. c. A leased employee. d. A household employee. 24. Which of the following are not considered earned income for EIC computations? a. Wages b. Tips c. Interest earned from a bank account d. Self-employed income 25. Form 2120, or a multiple support declaration must be filed with the return of the taxpayer who is: a. The person for whom the multiple support agreement is in effect. b. The person who is claiming the exemption of the individual under the multiple support agreement. c. One of the individuals who has agreed not to claim the exemption. d. All of the individuals who have agreed not to claim the exemption. 26. Which of the following is not an eligibility requirement for claiming the earned income credit with a qualifying child? a. You must have earned income. b. You must claim your qualifying child as a dependent. c. The child must be related to you in one of the ways described in the instructions. d. The child must have lived in the U.S. for more than half of the year. e. The age of the child 22. Which of the following statements is not true about limits on 2018 itemized deductions? a. Qualified medical expenses must be reduced by 7.5% of the AGI. b. The deduction of state and local taxes paid is limited to $10,000. c. Depending on the type of contribution and recipient of the contribution, the deduction for charitable contributions is limited to 60%, 50%, 30%, or 20% of AGI. d. The deduction for investment interest cannot exceed investment income and the deduction for gambling losses cannot exceed gambling winnings. e. At the bottom of Schedule A, there is an overall limit on itemized deductions based on AGI and filing status. 23. An individual who provides services to your business, but is not an employee is considered to be a. A statutory employee. b. An independent contractor. c. A leased employee. d. A household employee 24. Which of the following are not considered earned income for EIC computations? a. Wages b. Tips c. Interest earned from a bank account d. Self-employed income 25. Form 2120, or a multiple support declaration must be filed with the return of the taxpayer who is: a. The person for whom the multiple support agreement is in effect. b. The person who is claiming the exemption of the individual under the multiple support agreement. c. One of the individuals who has agreed not to claim the exemption. d. All of the individuals who have agreed not to claim the exemption. 26. Which of the following is not an eligibility requirement for claiming the earned income credit with a qualifying child? a. You must have earned income. b. You must claim your qualifying child as a dependent. c. The child must be related to you in one of the ways described in the instructions. d. The child must have lived in the U.S. for more than half of the year. e. The age of the child
