Question

In: Accounting

Which of the following statements is false? A. Municipal bond interest income is excluded from taxation...

Which of the following statements is false?

A.

Municipal bond interest income is excluded from taxation
B.

One may exclude up to $102,100 (2017) in foreign earned income.
C.

Trade of business expenses are deducted above the line
D.

Student loan interest may be deducted above the line
E.

All of the above are correct statements

Solutions

Expert Solution

Ans E All of the above are correct statements.

Thus, statements Municipal bond interest income is excluded from taxation, One may exclude up to $102,100 (2017) in foreign earned income., Trade of business expenses are deducted above the line, Student loan interest may be deducted above the line are true.

ekkarill92 answered 2 years ago
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