Matthew, a Single Taxpayer with Adjusted Gross Income of $90,000

question 69

Multiple Choice

Matthew, a single taxpayer with adjusted gross income of $90,000, works as a computer programmer for the Novak Corporation. The corporation reimburses all its employees 50% of tuition, fees and books for courses taken at the local university. Matthew incurs $6,000, is reimbursed $3,000, and can deduct the remaining $3,000 of the education expense I As a deduction from adjusted gross income. II. Only if the course is required by state law to continue in his current job.

• A) Only statement I is correct.
• B) Only statement II is correct.
• C) Both statements are correct.
• D) Neither statement is correct.

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Definitions:

Quantitative Variable

A variable that can take on numeric values, allowing for measurable differences in magnitude or size.

Overall Shape

A descriptive term referring to the general form or contour of a distribution or data set.

Deviations

Variations or departures from a standard or norm.

World Malaria Report

An annual report published by the World Health Organization summarizing the global status and trends of malaria cases and deaths.