Homework SourseWhich of the following statements is false Municipal bond in
Which of the following statements is false?
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
All of the above are correct statements
| 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 |
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.
