Which,if Any,of the Following Expenses Are Not Subject to the 2%-Of-AGI

question 9

Multiple Choice

Which,if any,of the following expenses are not subject to the 2%-of-AGI floor?

• A)Safety shoes purchased by an employed plumber.
• B)Reimbursed employee expenses.Taxpayer-employee renders an adequate accounting to the employer.
• C)Unreimbursed employee expenses.
• D)Tax return preparation fee paid by a non-employed retiree.
• E)None of these.

---

Definitions:

Heckscher-Ohlin Model

A model in international trade theory that explains patterns of trade between countries based on their differences in factor endowments.

Import Goods

These are products brought into one country from another for sale.

Scarce Factors

Resources that are limited in availability and are constraint to economic production.

Capital

Refers to financial assets or physical resources that are used in producing goods or providing services.