Classify each of the following expenditures paid in 2022 as a deduction for AGI, a deduction from

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Classify each of the following expenditures paid in 2022 as a deduction for AGI, a deduction from AGI, or not deductible:

a. Barak contributes to his H.R. 10 plan (i.e., a retirement plan for a self-employed individual).

b. Keith pays child support to his former wife, Renee, for the support of their son, Chris.

c. Judy pays professional dues that are not reimbursed by her employer.

d. Ted pays $500 as the monthly mortgage payment on his personal residence.

Of this amount, $100 represents a payment on principal and $400 represents an interest payment.

e. Oni pays a moving company for moving her household goods to Detroit, where she is starting a new job. She is not reimbursed by her employer.

f. Ralph pays $6,000 of property taxes on his personal residence and $5,000 of state income taxes.

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South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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