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Author Question: Self-employed individuals may claim, as a deduction for adjusted gross income, 50 percent of their (Read 76 times)

ARLKQ

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Question 1

On Form 1040, deductions for adjusted gross income include the amounts paid for all of the following except
◦ alimony.
◦ home mortgage interest.
◦ student loan interest.
◦ moving expenses.

Question 2

Self-employed individuals may claim, as a deduction for adjusted gross income, 50 percent of their
◦ traditional IRA contributions.
◦ disability insurance premiums.
◦ health insurance premiums.
◦ self-employment tax.


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Marked as best answer by ARLKQ on Sep 13, 2020

sierrahalpin

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ARLKQ

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


juliaf

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Reply 3 on: Yesterday
Excellent

 

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