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  1. Topics
  2. Business
  3. Fundamentals of Taxation 2017
  4. Quiz 4: Adjustments for Adjusted Gross Income

Rena Had the Following Moving Expenses During 2016: Rena

Question 53
Multiple Choice

Rena had the following moving expenses during 2016: img Rena moved to start a new job and met all the required tests for moving expense deductibility.What is the total amount of moving expenses that can be deducted on her 2016 return? A)$2,275. B)$1,675. C)$2,100. D)$600.

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Q 54
For the deduction of self-employment taxes,which of the following statements is correct? A)They are 80% deductible as a for AGI deduction. B)They are not deductible. C)They are taken as an itemized deduction on Schedule A. D)They are 50% deductible as a for AGI deduction.
Q 55
The determination for the deduction of the self-employment tax is based upon the: A)gross earnings of the business. B)total of 7.65% of FICA taxes. C)net earnings of the business. D)total of itemized deductions.
Q 56
The percentage of self-employed health insurance premiums that could be deductible as a for AGI deduction is: A)100%. B)80%. C)50%. D)70%.
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