Which of the Following Items Would Be an Itemized Deduction

question 57

Multiple Choice

Which of the following items would be an itemized deduction on Schedule A of Form 1040 not subject to the 2%-of-AGI floor?

• A)Professional dues paid by an accountant (employed by Ford Motor Co. )to the National Association of Accountants.
• B)Gambling losses to the extent of gambling winnings.
• C)Job hunting costs.
• D)Appraisal fee paid to a valuation expert to determine the fair market value of art work donated to a qualified museum.
• E)None of these.

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Definitions:

Agenda

A list or plan of topics to be discussed or actions to be taken during a meeting or event, typically organized in order of priority.

Body Language

Non-verbal communication through physical behaviors, such as gestures, postures, and facial expressions, which can reveal a person's feelings and intentions.

Face-to-face Communication

Direct interaction between two or more individuals, where they can see and hear each other in real-time.

International Experience

Describes the knowledge, skills, and insights gained from working, studying, or living in foreign countries.