State If the Following Miscellaneous Expenses Are

question 112

Essay

State if the following miscellaneous expenses are:
(1) subject to the 2 percent of AGI limitation,
(2) not subject to the 2 percent of AGI limitation, or
(3) not deductible.
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a.Black pants worn by a theater manager
b.Investment management fees
c.Gambling losses to the extent of gambling winnings
d.A reader for a blind person used at work
e.A resume service used in finding another sales job for a sales representative
f.Postage to mail personal tax returns

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Definitions:

Validity Factors

aspects that determine the accuracy and credibility of a test or research.

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Variables or indicators used to forecast or estimate future events or trends, often based on historical data or analysis.

High Validity

Indicates the degree to which a test, measure, or research accurately represents or predicts the intended outcome or concept.

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Scores derived from assessments or tests that are used to forecast future performance or outcomes.