Which of the Following Is Not Allowed as an Itemized

question 36

Multiple Choice

Which of the following is not allowed as an itemized deduction?

• A)Cash donation to a church.
• B)Interest expense on a $800,000 loan incurred in 2016 to buy a principal residence.
• C)A subscription to the Wall Street Journal to help with personal investment decisions.
• D)Gambling losses to the extent of gambling winnings.
• E)All are allowed as itemized deductions.

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Definitions:

Directions

Instructions or guidance on how to reach a destination, perform a task, or operate something.

Bid

An offer of a specific price for goods or services, especially in the context of auctions or competitive tenders.

Pc

Often synonymous with Personal Computer, a general-purpose electronic computing device designed for individual use.

Solution

A mixture in which all the components are evenly distributed at the molecular level, or a way to solve a problem.