Question: I need help with the multiple choices below 203. Hal had previously worked in Dallas, TX for Tasty Chip Inc. but in 2016 he takes
I need help with the multiple choices below
203. Hal had previously worked in Dallas, TX for Tasty Chip Inc. but in 2016 he takes a new job 95 miles away at Lubys in Waco, TX. Which of the following is true regarding the moving expense exclusion?
a)Hal is not eligible since the move is not more than 150 miles from his previous location
b)Hal is not eligible since the move is not more than 100 miles from his previous location
c)Hal is eligible since the move is greater than 50 miles from his previous location
d)Hal is eligible since the move required him to change companies
199. If a separation decree says a taxpayer is to pay $2,000 a month in alimony, and he or she pays $2,200 in alimony, what is the amount that is deductible as alimony?
a)$0
b)$1,000
c)$1,100
d)$2,000
196. Camilo is a self-employed roofer. He reported a profit of $30,000 on his Schedule C. He had other taxable income of $5,000. He paid $3,000 for hospitalization insurance. His self-employment tax was $4,656. He paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. What is the amount Camilo can deduct in arriving at adjusted gross income (AGI)?
a)$5,328
b)$9,328
c)$13,656
d)$15,656
192. Marisela has a high deductible health plan (HDHP) for her family all year in 2016. The annual deductible is $5,000. She can contribute up to what amount to her Archer MSA for the year?
a)$0
b)$3,250
c)$3,750
d)$4,200
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