Which of the Following Items Would Be an Itemized Deduction

question 91

Multiple Choice

Which of the following items would be an itemized deduction on Schedule A of Form 1040 not subject to the 2%-of-AGI floor?

• A)Professional dues paid by an accountant (employed by Ford Motor Co.) to the National Association of Accountants.
• B)Gambling losses to the extent of gambling winnings.
• C)Job hunting costs.
• D)Appraisal fee paid to a valuation expert to determine the fair market value of art work donated to a qualified museum.
• E)None of the above.

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Definitions:

Solo Clutch

A type of clutch designed for individual operation, typically found in vehicle transmissions.

Automatically Adjust

A process where a system or device changes parameters or settings on its own without human intervention, often based on feedback or environmental conditions.

Lockstrap

The removable locking tang that holds the clutch ring in position; it has to be removed and the clutch ring rotated to make a clutch adjustment.

Center Plate

A key component in the articulation systems of rail vehicles or trailers, serving as a pivot point and support between the bogie and the vehicle body.