Match Each Statement with the Correct Term Below

question 11

Multiple Choice

Match each statement with the correct term below.
-Deductions from AGI

• A)Prepaid interest.
• B)Either a qualifying child or a qualifying relative
• C)One test for a qualifying relative.
• D)The minimum amount a taxpayer can deduct for personal expenditures.
• E)A deduction in this category is always allowed. That is, there is no minimum allowable amount and generally no income limitation placed on these deductions.
• F)Generally, these deductions are for specifically allowed personal expenditures.
• G)An exception to this test is a custodial parent.
• H)Interest paid on debt used to buy securities.
• I)Interest paid on credit cards, personal loans, car loans, etc.
• J)Interest paid on a mortgage secured by the taxpayer's residence. The proceeds of the loan are used to pay off a credit card, the interest is not deductible.
• k.A tax designed to prevent the shifting of unearned income to children of the taxpayer.

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Definitions:

Launcher

A dock-like shortcut bar that allows manipulation of the graphical user interface (GUI) so that multiple apps and/or commands are easily deployed. It has the functionality of being an application launcher shortcut as well as having a universal search feature built-in to it.

I-Cloud

Apple's cloud service platform that allows users to store data such as music, photos, and documents for access from multiple devices.

Advanced Boot Option

A menu accessed upon startup of a computer, offering a choice of diagnostic tools and different methods of booting the system.

Safe Mode

A diagnostic boot mode in Windows operating systems used to troubleshoot and fix problems by starting the OS with a minimal set of drivers and services.