15. J assignment in another suburb outside of San Francisco that would increase

Question

15. J assignment in another suburb outside of San Francisco that would increase his commute considerably. He would like to accept the assignment, but he thinks it might require that he move to the new suburb. Which of the following is a true statement? ose currently commutes 55 miles to work in San Francisco. He is considering a new a. Jose can ded his new assignment is at least 55 miles b. If Jose' meals while en route to his new residence uct moving expenses if the distance between his current residence and s move qualifies for the moving expense deduction, he can deduct the cost of c. I f Jose's move qualifies for the moving expense deduction, he can deduct half the cost of meals while en route to his new residence d. To qualify for a m residence would need to be a minimum of 105 miles e. All of these are true 16. Yuen is a single, self-employed contractor who earns $60,000 per year in self-employment income. Yuen paid the following expenses this year. Which of the expenses are deductible for AGI? 1. The cost of health insurance 2. The employer portion of self-employment tax paid 3. Alimony paid a. Numbers 1 and 2 only b. Numbers 1 and 3 only C. Numbers 2 and 3 only d. None of these is deductible for AGI e. All of these are deductible for AG

Explanation / Answer

15. Option D, the new assignmnet ahould be atleast 105 miles away from the residence to qualify as moving expenses

16. Option E, all are deductoble

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