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Which of the following statements is false? A ) Carla, a CPA, travels from her home to her office ( Trip A ) , then
Which of the following statements is false?
A Carla, a CPA, travels from her home to her office Trip A then from her office to a client's office Trip B then from the client's office back to her office Trip C then from her home back to her a Trip D Only Trip B and Trip C are deductible transportation expenses.
B IRA contributions must be made by the original due date of the taxpayer's tax return, which does not include the extension period.
C A taxpayer can make an election to use the of AGI limitation for a charitable contribution of capital gain property, while also using the FMV of the property as the starting point for computing the amount of the charitable contribution.
D A k plan permits an employee to defer a percentage of the employee's salary with no current income tax on the deferral and no income tax on the balance while it remains inside the plan. However, when the funds are distributed from the to the taxpayer, they are subject to income tax.
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