Which of the Following Types of Taxes Are Deductible on Schedule

question 21

Multiple Choice

Which of the following types of taxes are deductible on Schedule A in 2014?

• A)Personal property taxes.
• B)Local real estate taxes.
• C)FICA taxes.
• D)Only a and b

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Definitions:

Human Resource Management

The strategic approach to the effective management of people in an organization to help the business gain a competitive advantage.

Facility-level Activity

Activities and costs incurred that support the entire company and cannot be traced to individual products or services.

Product-level Activity

Actions or operations that are conducted to support or produce specific products, often analyzed in activity-based costing.

Batch-level Activity

Activities and associated costs that are incurred for every batch produced, regardless of the size of the batch, such as setup costs and inspections.