tb407ch10[1] - CHAPTER 10 DEDUCTIONS AND LOSSES: CERTAIN...

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CHAPTER 10 DEDUCTIONS AND LOSSES: CERTAIN ITEMIZED DEDUCTIONS Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Status: Q/P Question/ Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 Deductible personal expenditures New 2 Itemized versus standard deduction Unchanged 2 3 Medical expense: cosmetic surgery New 4 Medical expense: private school New 5 Medical expense: appraisal fee for capital Unchanged 5 improvement 6 Medical expense: capital improvements to Unchanged 6 personal residence 7 Medical expense: capital improvement Unchanged 7 8 Medical expenses of a dependent Modified 8 9 Medical expenses of a dependent Modified 9 10 Medical expense: transportation costs New 11 Medical expense: travel costs Unchanged 11 12 Medical expense: long-term care insurance Unchanged 12 13 Medical expense: taxability of premiums paid New by employer 14 Medical expenses that will be reimbursed in a Unchanged 14 future year 15 Medical expense reimbursement: tax benefit rule Unchanged 15 16 Health Savings Accounts Modified 16 17 Nondeductibility of FICA taxes for domestics New 18 Local property tax and assessment for local benefits Unchanged 18 19 Local property tax and assessment for local benefits New 20 Apportionment of property taxes between buyer Unchanged 20 and seller 10-1
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10-2 2009 Annual Edition/Test Bank Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 21 Apportionment of property taxes between buyer Unchanged 21 and seller 22 Business tax deduction Unchanged 22 23 Classification of state income taxes Unchanged 23 24 State income taxes: year of deduction Unchanged 24 25 Estimated state income tax payments Unchanged 25 26 Interest on education loan Unchanged 26 27 Interest on education loan Unchanged 27 28 Qualified residence interest: qualified residence New defined 29 Qualified residence interest: qualified residence Unchanged 32 defined 30 Acquisition indebtedness Unchanged 33 31 Points paid on rental property New 32 Points paid to refinance New 33 Points paid by seller Unchanged 36 34 Prepayment penalty Unchanged 37 35 Interest expense on amounts borrowed to purchase Unchanged 38 tax-exempt bonds 36 Prepaid interest and method of accounting Unchanged 39 37 Year end charitable gift Unchanged 40 38 Charitable contributions charged on a credit card Unchanged 41 39 Charitable contributions: personal benefit Unchanged 42 limitations 40 Charitable contributions: rent-free use of property New 41 Charitable contributions: donation of art work Unchanged 44 42 Charitable contributions: bingo games Unchanged 45 43 Charitable contributions: mileage rate and meals Unchanged 46 44 Charitable contributions and travel expenses Unchanged 47 45 Charitable contributions: qualified organizations New 46 Charitable contributions: ordinary income
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This note was uploaded on 03/26/2011 for the course ECON 1542 taught by Professor Smith during the Spring '11 term at Binghamton University.

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tb407ch10[1] - CHAPTER 10 DEDUCTIONS AND LOSSES: CERTAIN...

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