Which of the Following Is a True Statement

question 50

Multiple Choice

Which of the following is a true statement?

• A)The deduction for interest on educational loans is subject to a phase-out limitation
• B)The deduction for moving expenses is subject to a phase-out limitation
• C)Self-employed taxpayers are allowed to deduct health care premiums even if the taxpayer is eligible to participate in an employer-provided health plan
• D)Excess business losses are deductible up to $100,000
• E)All of these choices are false.

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Definitions:

Phentermine-topiramate

A prescription medication combination used for weight loss that decreases appetite and increases feelings of fullness.

E. coli

A type of bacteria that normally lives in the intestines of humans and animals; some strains can cause food poisoning.

Food Allergen

A substance in foods that can trigger an abnormal immune response in some individuals, leading to allergic reactions.

Legume

A family of plants including beans, peas, and lentils, known for their ability to fix nitrogen and their nutritional seeds.