Which of the Following Is an Allowable Deduction

question 2

Multiple Choice

Which of the following is an allowable deduction?

• A) Unreimbursed medical expenses that exceed 7.5% of AGI
• B) State and local income and property taxes
• C) Interest on qualified education loans up to a certain limit
• D) All of the answer options are correct.

---

Definitions:

Federal Contract

A legally binding agreement between a business or individual and the federal government to provide goods or services.

Equal Employment Policy

policies that ensure job opportunities, promotions, and workplace equality without discrimination on various bases, including race, gender, and age.

Specified Number Of Minority Employees

Targets or quotas set within a hiring process or organizational policy to ensure a certain number of positions are filled by individuals from minority groups.

Effective Recruiter

A person proficient in identifying, attracting, and hiring suitable candidates for job vacancies, significantly contributing to an organization's success.