Question

QUESTION 10

What is the appropriate tax treatment for the following expenditure of the the Vick family in 2018:  

Federal income tax withheld from Mrs. Vick’s paychecks

	a.	Not deductible (as neither a “for AGI” deduction nor a “from AGI” deduction)
	b.	Deductible in 2018 as a “from AGI”, subject to the threshold of 10% of adjusted gross income.
	c.	Deductible in 2018 as a “from AGI” and not subject to a threshold (other than the comparison to the standard deduction)
	d.	Deductible in 2018 as a “from AGI”, subject to the limitation of 60% of adjusted gross income.
	e.	Deductible in 2018 as a “from AGI”, subject to a collective $10,000 limit (with other similar items).

QUESTION 11

What is the appropriate tax treatment for the following expenditure of the the Vick family in 2018:  

Mrs. Vick’s cash donation to the American Red Cross. Proper substantiation was received from the Red Cross.

	a.	Not deductible (as neither a “for AGI” deduction nor a “from AGI” deduction)
	b.	Deductible in 2018 as a “from AGI”, subject to the threshold of 10% of adjusted gross income.
	c.	Deductible in 2018 as a “from AGI” and not subject to a threshold (other than the comparison to the standard deduction)
	d.	Deductible in 2018 as a “from AGI”, subject to the limitation of 60% of adjusted gross income.
	e.	Deductible in 2018 as a “from AGI”, subject to a collective $10,000 limit (with other similar items).

QUESTION 12

What is the appropriate tax treatment for the following expenditure of the the Vick family in 2018:  

Payment of estimated state income taxes.

	a.	Not deductible (as neither a “for AGI” deduction nor a “from AGI” deduction)
	b.	Deductible in 2018 as a “from AGI”, subject to the threshold of 10% of adjusted gross income.
	c.	Deductible in 2018 as a “from AGI” and not subject to a threshold (other than the comparison to the standard deduction)
	d.	Deductible in 2018 as a “from AGI”, subject to the limitation of 60% of adjusted gross income.
	e.	Deductible in 2018 as a “from AGI”, subject to a collective $10,000 limit (with other similar items).

QUESTION 13

What is the appropriate tax treatment for the following expenditure of the the Vick family in 2018:  

Mr. Vick’s hair transplant surgery.

	a.	Not deductible (as neither a “for AGI” deduction nor a “from AGI” deduction)
	b.	Deductible in 2018 as a “from AGI”, subject to the threshold of 10% of adjusted gross income.
	c.	Deductible in 2018 as a “from AGI” and not subject to a threshold (other than the comparison to the standard deduction)
	d.	Deductible in 2018 as a “from AGI”, subject to the limitation of 60% of adjusted gross income.
	e.	Deductible in 2018 as a “from AGI”, subject to a collective $10,000 limit (with other similar items).

QUESTION 14

What is the appropriate tax treatment for the following expenditure of the the Vick family in 2018:  

Payment of real estate taxes on the Vick’s personal residence.

	a.	Not deductible (as neither a “for AGI” deduction nor a “from AGI” deduction)
	b.	Deductible in 2018 as a “from AGI”, subject to the threshold of 10% of adjusted gross income.
	c.	Deductible in 2018 as a “from AGI” and not subject to a threshold (other than the comparison to the standard deduction)
	d.	Deductible in 2018 as a “from AGI”, subject to the limitation of 60% of adjusted gross income.
	e.	Deductible in 2018 as a “from AGI”, subject to a collective $10,000 limit (with other similar items).

Answer 1

10)

a.	Not deductible (as neither a “for AGI” deduction nor a “from AGI” deduction)

11)

d.	Deductible in 2018 as a “from AGI”, subject to the limitation of 60% of adjusted gross income.

12)

c.	Deductible in 2018 as a “from AGI” and not subject to a threshold (other than the comparison to the standard deduction)

13)

a.	Not deductible (as neither a “for AGI” deduction nor a “from AGI” deduction)

14)

c.	Deductible in 2018 as a “from AGI” and not subject to a threshold (other than the comparison to the standard deduction)