All of the Following Items Are Deductions for (Not From)adjusted

question 102

Multiple Choice

All of the following items are deductions for (not from) adjusted gross income except

• A)moving expenses.
• B)unreimbursed employee business expenses.
• C)qualifying contributions to individual retirement accounts.
• D)one-half of self-employment taxes paid.

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Definitions:

Financial Institutions

Organizations such as banks and credit unions that provide financial services including deposits, loans, and investments.

EFT

Electronic Funds Transfer, a system of transferring money from one bank account directly to another without any paper money changing hands.

Preauthorized Payment

A prearranged payment that allows a payee to automatically withdraw funds from a payer's account as per the agreed terms, usually on a recurring basis.

Stop Payment

An instruction to a bank by an account holder not to pay or honor a check that has been issued from their account.