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Indicate the Proper Treatment in the Current Year for the Underlined

question 75

Multiple Choice

Indicate the proper treatment in the current year for the underlined amounts. Treat each item as an independent event. Indicate whether the amount is deductible or not; if deductible whether it is deductible FOR or FROM AGI; and indicate the amount of the deduction for the current year considering any relevant limitations. Assume the taxpayer has deductions greater than the standard deduction, has AGI of $69,000 without regard to the following transactions and has no "total" income limitations related to itemized deductions.
-Self-employed sports agent pays $6,000 of self-employment tax. Amount: $3,000


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Autism

A neurodevelopmental disorder characterized by challenges with social interaction, communication, and by restricted and repetitive behavior.

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