Question

Which of the following is a true statement? Multiple Choice

a. The deduction for interest on educational loans is subject to a phase-out limitation.
b. The deduction for moving expenses is subject to a phase-out limitation.
c. Self-employed taxpayers are allowed to deduct health care premiums even if the taxpayer is eligible to participate in an employer-provided health plan.
d. Excess business losses are deductible up to $100,000.
e. All of these choices are false.

Answer 1

Your answer is A. I think this is the answer because it is true.