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/ Take Test Final Examinati x ) G 83 https//bb.uhd.edu/webapps/as hjsp?course.assessment id- 113785 1&course; id-550671&content; id- 18194CSearch Show Timer Question Completion Status 2 points Save Answer A taxpayer just graduated from college. The cost of moving her personal belongings from her parents' home to her first job site qualify for the Moving Expense deduction. O False QUESTION 6 2 pointsSave Answer For tax purposes, "Travel" is a narrower (more limited) classification (ie. includes less components) than "Transportation," O True O False QUESTION 7 2 pointsSave Answer The Adjusted Basis of property is reduced by the amount of insurance proceeds received and is reduced by any Recognized Loss (Deduction) from casualty or theft (ie Casualty Loss Deduction). O False rue Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Save and Submit 10:35 PM 12/6/2017

Explanation / Answer

False Does not Qualify for deduction

False For tax purpose travel is Broader Classification than Transportation

True   

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