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quiz 9 & 10 - PRACTICE QUIZ CHAPTER 9 AND CHAPTER...

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PRACTICE QUIZ CHAPTER 9 AND CHAPTER 10 1) Bill obtained a new job in Boston. He incurred the following moving expenses: Transportation of household goods and personal effects $2,600 Cost of transporting Bill's family 2,000 Househunting trip 1,700 Payments to lessor to cancel a lease 500 Assuming Bill is entitled to deduct moving expenses, what is the amount of the deduction? a. $2,600 b. $4,600 c. $6,300 d. $6,800 2) All of the following may deduct education expenses except 3) Alex is a selfemployed dentist who operates a qualifying office in his home. Alex has $60,000 gross income from his practice and $50,000 of expenses directly related to the business, i.e., nonhome office expenses. Alex's allocable home office expenses for mortgage interest expenses and property taxes are $4,000 and other home office expenses are $9,000. What is Alex’s total home office deduction?
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