Which of the Following Expenses,if Any,qualify as Deductible

question 50

Multiple Choice

Which of the following expenses,if any,qualify as deductible?

• A) Contributions to a Coverdell Education Savings Account (CESA).
• B) Contributions to a qualified tuition program (§ 529 plan).
• C) Job hunting expense of FBI agent who applies for the job of city manager of Beaumont (TX).
• D) Contribution to a Roth IRA.
• E) None of the above.

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Definitions:

Frictional Unemployment

Short-term unemployment that occurs when transitioning between jobs or entering the workforce.

Unemployment Insurance

Unemployment insurance is a government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.

Structural Unemployment

Joblessness arising from the restructuring of industries, usually caused by advancements in technology, instead of variations in market supply or demand.

Hardships Of Unemployment

The significant difficulties and stresses that individuals may encounter as a result of being without employment.