Which of the Following Items Would Be an Itemized Deduction

question 91

Multiple Choice

Which of the following items would be an itemized deduction on Schedule A of Form 1040 not subject to the 2%-of-AGI floor?

• A)Professional dues paid by an accountant (employed by Ford Motor Co.) to the National Association of Accountants.
• B)Gambling losses to the extent of gambling winnings.
• C)Job hunting costs.
• D)Appraisal fee paid to a valuation expert to determine the fair market value of art work donated to a qualified museum.
• E)None of the above.

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Definitions:

Max Ringelmann

Max Ringelmann was a French agricultural engineer who discovered the Ringelmann effect, indicating that individual productivity decreases as the size of a group increases.

Social Psychology

Research into how the presence, whether real, imagined, or alluded to, of other individuals influences one's thoughts, feelings, and behavior patterns.

Narcissists

Individuals who have an inflated sense of their own importance, a deep need for excessive attention and admiration, coupled with a lack of empathy for others.

Max Ringelmann

A psychologist known for identifying the Ringelmann effect, which describes the tendency for individual productivity to decrease as group size increases.