50% 10:31 Question Completion Status: QUESTION 29 2.3 polnts Save Answer Ron, ag

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50% 10:31 Question Completion Status: QUESTION 29 2.3 polnts Save Answer Ron, age 42, works for a company that has a nondiscriminatory group-term life insurance plan for its employees. Under the plan, Ron receives $80,000 of insurance coverage. Ron's share of the group-term life insurance cost for the current year was $27.27. The Uniform Premium Table specifies that the cost for $1,000 of group- term life insurance for one month for a person age 40-44 is $0.10. For this group-term life insurance, Ron's gross income should include: O $68.73. $61.20 $96.00 $36.00 $8.73 QUESTION 30 2.3 points Save Answer For purposes of the moving expense deduction, self employed taxpayers can take the deduction if: they are employed full-time at the new job location for at least 39 of the first 52 weeks after the move they are employed full-time at the new job location for at least 78 of the first 104 weeks after the move the move is related to the start of a business in a new area. Both a. and b All of the above QUESTION 31 2.3 polnts Save Answer The maximum dollar limit on deductible moving expenses is: $2,250 $2,500 $5,250 $10,000 None of the above Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Save and Submit

Explanation / Answer

29- A 68.73 IS RIGHT 96-27.27

30- LAST - ALL OF THE ABOVE IS CORRECT - IF CLAIMED WITHIN A YEAR

31- NONE - AS ACTUAL IS DEDUCTIBLE

32- FIRST 0 AND 5500-   EARNED INCOME IS MUST , BELOW 50 IS 5500 LIMIT AND ABOVE 50 IS 6500

33- 5500 IS CORRECT FOR TRADITIONAL IRA FOR BELOW 50 YEAR.

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