Which, If Any, of the Following Expenses Is Subject to the 2%-Of-AGI

question 37

Multiple Choice

Which, if any, of the following expenses is subject to the 2%-of-AGI floor?

• A)Gambling losses (to the extent of gambling gains).
• B)Moving expenses (not reimbursed by employer).
• C)Teaching supplies (in excess of $250) purchased by a fifth grade teacher.
• D)Union dues of self-employed machinist.
• E)None of the above.

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Definitions:

Denying the Antecedent

A logical fallacy that occurs when one incorrectly assumes that if the antecedent is not true, then the consequent cannot be true, in a conditional statement.

Uncorrect Conclusion

A flawed or erroneous outcome, typically resulting from improper reasoning or misunderstanding of the data.

Assumption

An accepted fact or statement taken for granted without proof.

Applying a Generalization

Applying a generalization involves using a broad statement or principle derived from specific instances to make predictions or judgments about other cases.