Ask Question
30 July, 09:49

Which of these could change a taxpayer adjusted gross income when filing a federal income tax return?

A. casualty and theft losses

B. medical an dental expenses

C. student loan interest pay

D. charitable contributions made

+1
Answers (2)
  1. 30 July, 09:52
    0
    Option D is correct, i. e. charitable contributions made.

    Step-by-step explanation:

    Given options are:-

    A. casualty and theft losses

    B. medical and dental expenses

    C. student loan interest pay

    D. charitable contributions made

    We need to find out which could change a taxpayer's adjusted gross income for tax purposes.

    A. We know casualty and theft losses are covered under House Insurance part, so they are not adjusted.

    B. We know medical and dental expenses are covered under Health Insurance part, so they are not adjusted.

    C. We know student loan interest pay is part of loan repayment and this goes to bank providing loan during education. So the interest paid is a part of bank business, they are not adjusted.

    D. We know charitable contributions made are part of Social Responsibility, so they can be adjusted.

    Hence, option D is correct, i. e. charitable contributions made.
  2. 30 July, 10:02
    0
    Student Loan Interest Paid APEX
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of these could change a taxpayer adjusted gross income when filing a federal income tax return? A. casualty and theft losses B. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers