As to Meeting the Time Test for Purposes of Deducting

question 95

Multiple Choice

As to meeting the time test for purposes of deducting moving expenses, which of the following statements is correct?

• A)Work at the new location must involve a full-time job-part-time job will not suffice.
• B)The taxpayer has two years in which to satisfy the 39-weeks or 78-weeks requirement.
• C)The time test is waived for persons whose move follows retirement.
• D)The moving expense deduction cannot be claimed if the taxpayer has not yet met the time test.
• E)None of the above.

---

Definitions:

Lemonade

A sweetened beverage made mainly from lemon juice, water, and sugar, often served chilled or over ice.

Pizzas

A beloved Italian cuisine item featuring a circular flat dough base covered with tomatoes, cheese, and assorted toppings, cooked rapidly.

Production Possibilities Frontier

A plot that exhibits the ultimate production possibilities for two distinct products, with a basis on inputs that encompass resources and supplementary aspects.

Coats

Outer garments with sleeves that are worn over other clothes for warmth or protection.