Answer:
Explanation:
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Is this about specific people in history? or is it like financial, racial, and social science factors?
Answer:
Pretty confident its A. (if you get it wrong the first time then its D)
C and B I can say are definitely not right.
Answer:
C. Itemized deduction subject to the 2%-of-AGI floor
Explanation:
The $2000 legal fees that Hall paid to collect alimony is treated as Itemized deduction subject to the 2%-of-AGI floor.
AGI refer to Adjusted Gross income.
According to IRS(Internal Revenue Service), Miscellaneous itemized deductions are those deductions that would have been subject to the 2% of adjusted gross income limitation. Items listed on the IRS website subject to the 2% AGI limit include:
1. Credit or debit card convenience fees
2. Clerical help and office rent in caring for investments
3. Fees to collect interest and dividends
4. Depreciation on home computers used for investments
5. Legal fees related to producing or collecting taxable income or getting tax advice.
6. Repayment of income.
7. Tax advice fees.
8. Trustee's fees for your IRA, if separately billed and paid. etc
From the above list, we can see that the $2,000 paid by Hall as legal fees to get alimony is itemized deduction subject to the 2%-of-AGI floor.
So many people in my community wanted new sports cars, so the car dealership brought in several Mustang convertibles to satisfy their economic wants.