Self-Employed Individuals May Claim,as a Deduction for Adjusted Gross Income,50

question 94

Multiple Choice

Self-employed individuals may claim,as a deduction for adjusted gross income,50 percent of their

• A)traditional IRA contributions.
• B)disability insurance premiums.
• C)health insurance premiums.
• D)self-employment tax.

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Definitions:

Lobbyists

Individuals or organizations that attempt to influence governmental policies and decisions in favor of a specific cause or interest they represent.

Bundled Choice

Offering multiple products or services together as a single combined package, often at a reduced price compared to purchasing each item separately.

Pork-Barrel Politics

Pork-barrel politics involve government spending for localized projects secured solely or primarily to bring money to a representative's district; often criticized when it is done to gain favor with local voters.

Public Good

A service or product given to every member of a society for free, by either the government or a non-profit organization or individual.