Ask Question
Social StudiesSocial Studies
17 September, 11:58

Which of the following is a deduction for AGI? a. Roof repairs to a personal use home. b. Contribution to a traditional IRA. c. Property tax on personal residence. d. Safe deposit box rental fee in which stock certificates are stored. e. All of these choices are correct.

+5
Answers (1)
  1. 17 September, 12:01
    0
    The answer is letter B. Contribution to a traditional IRA is a deduction for AGI.

    Explanation:

    Adjusted gross income (AGI) is a calculated from an individual gross income and used to determine how much of their income is taxable. Retirement plan contributions are deductible, so is The Individual Retirement Accounts (IRA), for example.

    The alternative A: "Roof repairs to a personal use home" Is not deductible. And "Property tax on personal residence" and "Safe deposit box rental fee in which stock certificates are stored" are deductions from gross income AGI, not for.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is a deduction for AGI? a. Roof repairs to a personal use home. b. Contribution to a traditional IRA. c. Property ...” in 📗 Social Studies 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
You Might be Interested in
Chaparral and savanna biomes are also called
Answers (1)
Which is a function of regulatory agencies? a. encouraging business compliance b. creating legislation for businesses c. encouraging negative externalities d. creating new business opportunities
Answers (1)
When campaign workers are canvassing neighborhoods, one of their goals is to identify voters who will support their candidate. sell campaign buttons door to door. determine the income level of a community.
Answers (2)
You are counseling a set of 17-year-old parents, whose baby is about to be born at 23 weeks' gestation. You have explained the chance of survival is low and that if the baby survives there is a high likelihood of long-term morbidity.
Answers (1)
What were the three types of Spanish settlement and what was the purpose of each?
Answers (1)
New Questions in Social Studies
What events began and ended Athens' Golden Age? Answer Victory over the Persians, defeat by Sparta Rise of Kleisthenes, death of Pericles Victory over the Spartans, death of Socrates Rise of Alexander the Great, death of Cleopatra
Answers (1)
What are four concerns about global environment
Answers (1)
what percentage of money that states spend yearly comes from the federal government
Answers (1)
All the factors of 32
Answers (2)
Of the following government types, which two have the most in common?
Answers (1)
Home » Social Studies » Which of the following is a deduction for AGI? a. Roof repairs to a personal use home. b. Contribution to a traditional IRA. c. Property tax on personal residence. d. Safe deposit box rental fee in which stock certificates are stored. e.
Sign Up Forgot Password?