Q5 - Which of the following statements about tax returns are true?

I. the Schedule A shows interest expense on mortgages

II. the schedule D shows both short term and long term capital gains

III. self-employed individuals show most of their income on the Schedule B

IV. the 1040 is not filed by self-employed individuals

V. income from second jobs is not reported on the 1040

Select one:

a. I and II only

b. I, II, III only

c. II, III, IV and V only

d. I and IV only

e. all are true