CH 4 TAX ASSIGNMENT QUESTIONS DEDUCTIONS Look at Figure 4.3 on page 112. Notice that there are two categories of deductions. Step 2 Adjustments to Gross Income (p 108-9) Step 3 Greater of Itemized or Standard Deduction (p 109-111). Question 1 - Which are preferable, adjustments or itemized deductions? Why? Question 2 - What is a possible benefit of prepaying my doctor bill due January 15 2023 on or before December 31 2022? Question 3 Can Professor Davidoff take Educator expenses? Why or why not? Question 4 Which tax deduction(s) is targeted to encourage one to save for retirement? Question 5 Which tax deduction(s) is targeted to encourage home ownership