All of the Following Items Are Deductions for (Not From)adjusted

question 102

Multiple Choice

All of the following items are deductions for (not from) adjusted gross income except

• A)moving expenses.
• B)unreimbursed employee business expenses.
• C)qualifying contributions to individual retirement accounts.
• D)one-half of self-employment taxes paid.

---

Definitions:

Accounts Receivable

Outstanding payments due to a company from its customers for delivered goods or services.

Accounts Payable

Liabilities or the amount of money owed by a company to its creditors and suppliers for goods and services purchased on credit.

Operating Activity

Transactions and events that affect net income, including all activities not categorized as investing or financing activities, typically related to the core operations of a business.

Investing Activity

Financial transactions involving the purchase or sale of long-term assets and investments.