Which of the Following Is a True Statement

question 50

Multiple Choice

Which of the following is a true statement?

• A)The deduction for interest on educational loans is subject to a phase-out limitation
• B)The deduction for moving expenses is subject to a phase-out limitation
• C)Self-employed taxpayers are allowed to deduct health care premiums even if the taxpayer is eligible to participate in an employer-provided health plan
• D)Excess business losses are deductible up to $100,000
• E)All of these choices are false.

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Definitions:

In Situ Conservation

Conservation methods that preserve species in their natural habitats to ensure biodiversity.

Endangered Species List

A register maintained by various organizations that catalogues animal and plant species considered to be at risk of extinction.

In Situ Conservation

Conservation methods that protect the genetic material of endangered species in their natural habitat, without moving them to new locations.

Deforestation

The temporary or permanent removal of forest for agriculture or other uses.