Which of the Following Items Would Be an Itemized Deduction

question 72

Multiple Choice

Which of the following items would be an itemized deduction on Schedule A of Form 1040 subject to the 2%-of-AGI floor?

• A)Professional dues to membership organizations.
• B)Work uniforms that cannot be used for normal wear.
• C)Job-hunting costs.
• D)Hobby losses up to the amount of hobby income.
• E)All of the above.

---

Definitions:

Fund Financial Statements

Financial reports that focus on the assets, liabilities, revenues, and expenses of governmental funds, proprietary funds, or fiduciary activities managed by a government or nonprofit organization.

Purchase Order

A commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Consumption Method

An accounting practice that records the cost of goods sold at the time they are consumed or sold, as opposed to when they are purchased.

Office Supplies

Items needed for the daily operations of a business, such as pens, paper, and staplers.