Matthew, a Single Taxpayer with Adjusted Gross Income of $90,000

question 144

Multiple Choice

Matthew, a single taxpayer with adjusted gross income of $90,000, works as a computer programmer for the Novak Corporation. The corporation reimburses all its employees 50% of tuition, fees and books for courses taken at the local university. Matthew incurs $6,000, is reimbursed $3,000, and can deduct the remaining $3,000 of the education expense
?
I.As a deduction for adjusted gross income.
II.Only if the course is required by state law to continue in his current job.

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Deviance

Behaviors, actions, or conditions that violate social norms or values, ranging from minor breaches to major violations, often subject to social judgment.

Low-Consensus Deviance

This refers to actions or behaviors that some people or groups in society may consider deviant, but there is significant disagreement or lack of consensus about whether these actions are truly deviant.

U.S. Society

The societal structure and cultural norms prevalent within the United States that are influenced by the country's history, values, and institutions.

Lower-Consensus Deviance

Acts or behaviors that are not widely agreed upon as deviant by society, often resulting in varied reactions and sanctions.