Mat 302: 1118616

Answer to question 1 – (c) $ 1500

Answer to question 2 – (c) The tools and supplies are an itemized deduction but the health insurance is an itemized deduction but the health insurance is deductible for AGI.

Answer to question 3 – (d) Millie can deduct $800 for AGI

Answer to question 4 – (e) all of these choices are deductible for AGI

Answer to question 5 – (e) none of the choices are true

Answer to question 6 – (e) all of these choices are true

Answer to question 7 – (e) none of the choices are correct

Answer to question 8 – (d) a penalty paid for prematurely withdrawing a certificate of deposit or similar deposit is deductible from AGI as an investment expenses.

Answer to question 9 – (e) none of the choices health insurance premium can only be deducted as an itemized deduction.

Answer to question 10 – (e) none of the choice are correct