The law specified that ________ of Social Security benefits paid to couples with AGI above ________ would be taxed:

A.85%; $30,000

B.50%; $30,000

C.50%; $44,000

D.85%; $44,000

All of these are true for education tax incentives except the following statement:

A.Employer education is typically a tax write-off for the employer and non-taxable income for the employee

B.Student loan interest (subject to some stipulations) can be used to reduce adjusted gross income

C.The Life Long Learning Credit and the American Opportunity Credit (Hope Credit) can both be used by the same taxpayer to reduce taxes in the same calendar year.

D.Educational expenses may qualify as an itemized deduction

joe's employer provides disability income benefits for all employees. The employer, not the employee, pays the entire premium. Disability income benefits received under this non-contributory plan are:

A.taxed at capital gain rates

B.tax free

C.taxed at ordinary income rates

D.taxed at disability income rates