Which of the Following Is a Deduction from AGI (Itemized

question 30

Multiple Choice

Which of the following is a deduction from AGI (itemized deduction) ?

• A)Contribution to a traditional IRA.
• B)Roof repairs to a rental home.
• C)Safe deposit box rental fee in which stock certificates are stored.
• D)Alimony payment.
• E)None of the above.

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Definitions:

Involved

Engaged or participating actively in a particular activity or situation.

Complementary Learning

Links between families, early childhood programs, schools, out-of-school-time programs and activities, higher education, health and social service agencies, businesses, libraries, museums, and other community-based organizations that work together to encourage consistent learning and developmental outcomes for children from birth to adolescence.

Scholarships

Financial support awarded to students based on various criteria such as academic achievement, talent, or needs, to help them further their education.

Low-income Families

Households earning below a specific threshold, making it difficult to meet expenses for basic needs.