-In which of the following situations are points paid on a home mortgage loan not deductible in the year of payment?

A) purchase

B) improvement

C) refinance

D) construction

-Which of the following is not required for an accrual method taxpayer to currently deduct the cost of services received?

A) The existence of a liability must be established.

B) The amount of the liability is determined with reasonable accuracy.

C) The services must actually be provided.

D) The liability must be paid.

-Sylvester pays the following medical expenses this year:

$1,750 for doctor bills for Sylvester's son who is claimed as a dependent by Sylvester's former spouse.

$400 for Sylvester's eyeglasses.

$1,000 for Sylvester's dental work.

$4,500 for Sylvester's face lift. Sylvester, a teacher, is worried about the wrinkles around his eyes.

How much can Sylvester include on his return as qualified medical expenses before limitation?

A) $1,750

B) $2,150

C) $3,150

D) $7,650

-In February of the current year (assume a non-leap year), Syed and Katia received their property tax statement for last calendar-year taxes of $3,000, which they paid to the taxing authority on March 1 of the current year. They had purchased their home on April 1 last year. What amount of property tax on this statement may they claim as an itemized deduction this year (rounded)?

A) $0

B) $800

C) $1,074

D) $2,260