Gloria is an ordained minister. His church provides him a housing allowance, all of which he spends

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Gloria is an ordained minister. His church provides him a housing allowance, all of which he spends to rent his home and pay his utilities. Gloria can:

Exclude the housing allowance from net earnings for all tax.

Exclude the portion of the allowance spent on utilities from net earnings for self-employment tax

Exclude the housing allowance from net earnings for self-employment tax

Exclude the housing allowance from net earnings for income tax.

Posted Date: Nov 21, 2021 07:56 AM

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Gloria is an ordained minister. His church provides him a housing allowance, all of which he spends

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The correct answer is Option 4 Explanation It is given that that the ... View the full answer

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