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Please answer all questions, thanks 16. IDENTIFICATION Please enter your answers into the homework in Blueline in order to receive credit. KEY: 1 An item
Please answer all questions, thanks
16. IDENTIFICATION Please enter your answers into the homework in Blueline in order to receive credit. KEY: 1 An item that is included in the computation of "Total Income" 2 - An item that qualifies as an "Adjustment to Income" 3.- An item that is normally considered an "Itemized Deduction" 4 - An item that is a "Tax Credit" 5 - An item that is an example of an "Other Tax" 6 - None of the above is true Required: Using the key above, indicate what each of the following represent for an individual taxpayer in 2017. a. Moving expenses of a member of the Armed Forces b. Self-employment tax Deductible part of the self-employment tax I d. Wages, salaries, tips, etc. e, Alimony received f. Alimony paid 8. Interest income earned on the bonds of another company h. Municipal bond interest income tax exempt) i. State income taxes and property taxes i. Child tax credit k. A contributions to an IRA retirement plans (IRA deduction) 1. Gifts and inheritances received m. Business income or (loss) n. Health savings account deduction o. Proceeds from life insurance policies p. Mortgage interest q. Credit Card Interest I. Capital gain or (loss) S. Household employment taxes t. Charitable contributions u. Residential energy credit V. Charitable contributions for college athletic event seating rightsStep by Step Solution
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