1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vivado [14]
3 years ago
9

Brice is a single, self-employed electrician who earns $60,000 per year in self-employment income. Brice paid the following expe

nses this year. Which of the expenses are deductible for AGI? a. The cost of health insurance (not purchased through an exchange) b. The employer portion of self-employment tax paid c. Penalty on early withdrawal of funds from a certificate of deposit
Social Studies
1 answer:
svetoff [14.1K]3 years ago
6 0

Answer:

The correct answer is  all of them. Options "A", "B", and "C" are correct.

Explanation:

AGI stands for Adjusted Gross Income. It is a term fro the internal revenue code that refers to a number used on the Form 1040 U.S. individual tax return.  AGI helps to determine a person's income taxes due. The formula for the AGI is:

<em>(Gross Income from taxable sources - allowable deductions)</em>

Among those above the line deductions, we can find:

  • <em>Some retirement plan investments, such as Individual Retirement Accounts (IRA), SIMPLE IRA, SEP IRA.</em>
  • <em>Healthcare savings account (HSA).</em>
  • <em>Part of of the tax on self-employment.</em>
  • <em>Early withdrawal penalties levied by financial institutions.</em>
  • <em>Losses resulting from the selling or transfer of assets.</em>
  • <em>School tuition, fees and interest in student loans.</em>

As we can see, all the choices given in our case are eligible to be deducted in the AGI.

You might be interested in
Air quality in Los Angeles deteriorated in the 1950s through the 1970s and then improved in the 1980s and 1990s. Can a change in
dolphi86 [110]

<u>Answer: </u>

Depending on the data regarding the air quality indices, the changes can be chosen to be incorporated or not incorporated.

<u>Explanation: </u>

  • The change in the air quality indices and its effect on the national income would be needed to be devised correctly if it has to be incorporated.
  • The data obtained on air quality is highly vulnerable to fluctuation based on the methods of data collection.
  • As it is difficult to measure the impact of changed air quality indices on the economy, its incorporation in national income is also difficult.

7 0
3 years ago
Lydia has just entered kindergarten and receives testing in September to determine whether she needs additional support. This ty
Simora [160]

Answer:

universal screening assessments                        

Explanation:

Screening: The term screening is referred to as the process which is being conducted to predict or identify students at risk of poor learning consequences.

Universal screening assessments: It is considered as brief assessments and is conducted on every student from a particular grade. It is responsible for identifying different students who are at risk related to academic difficulty on the RTI model and therefore given extra support.

In the question above, the given statement represents universal screening assessments.

3 0
3 years ago
A class of disorders in which people lose contact with portions of their consciousness or memory, resulting in disruptions in th
CaHeK987 [17]
Dissociative Disorder
4 0
3 years ago
In Pavlov's original studies, salivation to meat was a(n) ____, and salivation to a bell was a(n) ____
Alecsey [184]

Answer:Unconditioned response; conditioned response

Explanation: in classical conditioning ,unconditioned response refers to an environmental stimulus which occurs naturally and automatically and triggers a natural response that has not been learned before , this response is called unconditioned response. Like when you cut an onion you will automatically shed an ear.

Conditioned stimulus is previously neutral stimulus such as a bell which is associated with an unconditioned stimulus which is meat , after this association the conditioned stimulus will start to trigger the same response as unconditioned stimulus , this response is a referred to as a conditioned response.

5 0
4 years ago
What is the term that researchers use to describe the basic, underlying, inevitable processes of physical change that affect all
Ierofanga [76]
..................
Primary aging
..................
6 0
3 years ago
Other questions:
  • My brother is better at cooking, better at cleaning, and better at fixing the car than I am. Relative to me, my brother has:
    5·1 answer
  • A(n) _______________ is an economic barrier because it limits trade between two nations, while a(n) ___________ is an economic b
    14·1 answer
  • QUICK POINTS
    10·2 answers
  • Please help me with the following!!!
    14·2 answers
  • Which best describes a benefit of serving on a jury?
    12·2 answers
  • Briefly describe the relationship<br>between the phisical and social<br>environment .​
    5·1 answer
  • Soldiers in _____ supplied most of their own gear except horses when they joined the unit.
    13·2 answers
  • A society allocates its scarce resources to various uses. These scarce resources include.
    7·1 answer
  • Which concept refers to the right of each individual to the same chance to get ahead in society?
    11·1 answer
  • Which treatment process asks whether the practitioner and client can form a working relationship?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!