In each of the following endependent cases indicate the


In each of the following endependent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) neither deductible for nor from AGI before considering income limitations or the standard deduction.

A) Ted paid $8 rent on a safety deposit box at the bank. In this box he dept the few shares of stock that he owned.

B) Tyler paid $85 for minor repairs to the fence at a rental house he owned.

C) Timmy paid $545 for health insurance premiums this year (not through an exchange). Timmy is employed full time and his employer paid the remaining premiums as a qualified fringe benefit.

D) Tess paid $1150 of state income taxes on her consulting income.

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Financial Accounting: In each of the following endependent cases indicate the
Reference No:- TGS01149527

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