Which of the Following Can Be Adjustment(s)to Gross Income on the 1040

question 165

Multiple Choice

Which of the following can be adjustment(s) to gross income on the 1040 form?

• A)Health insurance premiums paid by self-employed individuals
• B)Alimony paid
• C)Moving expenses
• D)a and b only
• E)a, b, and c

---

Definitions:

Entry-Level Administrative Assistant

An administrative position requiring minimal experience, responsible for supporting businesses with tasks like data entry, phone management, and scheduling.

Relevant Labor Market

The geographical and occupational area from which an employer recruits its employees or compares compensation and conditions.

Direct Monetary Costs

Expenses that can be directly quantified in financial terms, such as materials, labor, and overhead costs.

Layoffs

The act of temporarily or permanently reducing a company's workforce due to business needs, economic downturns, or other financial pressures, often leading to job loss for affected employees.