Multiple Choice question:

Question 1

If you paid $150 for tax preparation fees and $40 for a safe deposit box, with an AGI of $20,000 what can you deduct as an itemized job expense and certain miscellaneous deduction (line 27 above)? A-110 B - 190- C-0 D-400

Question 2

A 40-year old taxpayer has Adjusted Gross Income of $30,000 and medical costs of $10,000. Note that Form 1040, line 38 is Adjusted Gross Income.

Calculate the amount of medical for his/her itemized deductions (line 4 above).

A

$10,000

B	$10,000 ? ($30,000 * 10%) = $7,000

C

$30,000

D

$20,000