Aaron is a self-employed practical nurse who works out of his home. He provides nursing care...

  

Transcribed Image Text:

Aaron is a self-employed practical nurse who works out of his home. He provides nursing care for disabled persons living in their residences. During the day he drives his car as follows. Miles Aaron's home to patient Louise 12 Patient Louise to patient Carl 4 Patient Carl to patient Betty 6 Patient Betty to Aaron's home 10 Aaron's deductible mileage for each workday is: 12 miles 20 miles 22 miles 32 miles Which of the following expenses, if any, qualify as deductible in 2018? Costs involved in maintaining an office in the home by a self-employed insurance adjuster. Taxpayer's wife also uses the office as a meeting place for her bridge club. Cost of moving to first job location. Taxpayer just graduated from college. Job hunting expenses of a fishing guide to become an insurance salesman. None of the above. Joyce, age 40, and Sam, age 42, who have been married for seven years, are both active participants in qualified retirement plans. Their total AGI for 2018 is $130,000. Each is employed and earns a salary of $65,000. What are their combined deductible contributions to traditional IRAS? $0 $3,000 $4,000 $8,000 Aaron is a self-employed practical nurse who works out of his home. He provides nursing care for disabled persons living in their residences. During the day he drives his car as follows. Miles Aaron's home to patient Louise 12 Patient Louise to patient Carl 4 Patient Carl to patient Betty 6 Patient Betty to Aaron's home 10 Aaron's deductible mileage for each workday is: 12 miles 20 miles 22 miles 32 miles Which of the following expenses, if any, qualify as deductible in 2018? Costs involved in maintaining an office in the home by a self-employed insurance adjuster. Taxpayer's wife also uses the office as a meeting place for her bridge club. Cost of moving to first job location. Taxpayer just graduated from college. Job hunting expenses of a fishing guide to become an insurance salesman. None of the above. Joyce, age 40, and Sam, age 42, who have been married for seven years, are both active participants in qualified retirement plans. Their total AGI for 2018 is $130,000. Each is employed and earns a salary of $65,000. What are their combined deductible contributions to traditional IRAS? $0 $3,000 $4,000 $8,000

Answer rating: 100% (QA)

Ans Lets break down the questions 1 Aarons Deductible Mileage Aarons deductible mileage would be the ... View the full answer