Which of the Following Expenses, If Any, Qualify as Deductible

question 48

Multiple Choice

Which of the following expenses, if any, qualify as deductible?

• A)Contributions to a Coverdell Education Savings Account (CESA).
• B)Contributions to a qualified tuition program (§ 529 plan).
• C)Job-hunting expense of FBI agent who applies for the job of city manager of Beaumont, TX.
• D)Contribution to a traditional IRA.
• E)None of these.

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Definitions:

Stages of Change Model

A theory describing the process by which individuals move through a series of stages when attempting to change a behavior, including precontemplation, contemplation, preparation, action, and maintenance.

Realistic Expectations

The anticipation or belief about what might reasonably happen or be achieved in the future.

Optimistic Appraisal

The process of interpreting situations and future events in a positive, hopeful manner.

Internal, Stable, and Global

Terms used in psychology to describe an individual's attribution style that perceives causes of events as internal to oneself, unchanging over time, and consistent across different contexts.