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Data and Financial Literacy Sem 2
2.2.3 Quiz: Itemized Deductions
Question 4 of 10
Which of the following is an adjustment allowed by the IRS?
O A. Dental expenses
OB. Tuition expenses
OC. Work expenses
OD. Medical expenses
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Answer :

GinnyAnswer

Final answer:

Adjustments allowed by the IRS, such as dental, tuition, and medical expenses, enable individuals to reduce their tax liability.


Explanation:

Adjustments allowed by the IRS refer to particular expenses that can be deducted from taxable income, reducing the tax owed. Examples include dental expenses, tuition expenses, and medical expenses. These deductions are beneficial as they enable individuals to lower their tax liability.


Learn more about Tax Deductions here:

https://brainly.com/question/33570627


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