The § 222 Deduction for Tuition and Related Expenses Is

question 74

Multiple Choice

The § 222 deduction for tuition and related expenses is available:

• A)Regardless of the amount of a taxpayer's MAGI.
• B)To cover room and board expenses to attend college.
• C)To a married taxpayer filing a separate return.
• D)Even if a taxpayer does claim the standard deduction.
• E)None of these.

---

Definitions:

Tractors

Vehicles specially designed to deliver high torque at low speeds, used mainly in the farming industry for agricultural purposes.

Crude Oil

A crude, naturally existing petroleum substance comprising hydrocarbon deposits and miscellaneous organic materials.

Opportunity Cost

The expense incurred from overlooking the next most favorable choice during a decision-making process.

Microchip(s)

Small semiconductor devices that contain integrated circuits used for various technological applications.