CPA-08445  Which of the following is not a deduction to arrive at adjusted gross income?
　　a. Alimony payments.
　　b. Trade or business expenses.
　　c. Capital losses in excess of capital gains.
　　d. Unreimbursed employee business expenses.
　　AICPA Difficulty Rating: MEDIUM
　　Question Title: AICPA Newly Released 2014
　　Lecture to be assigned to: R-2
　　Topic to be assigned to: Adjustments and Itemized Deductions 1
　　Page reference (page # and outline point): R2-3, II. A.
　　ANSWER:
　　Choice "d" is correct.Unreimbursed employee business expenses are not a deduction to arrive at adjusted gross income. They are an itemized deduction from adjusted gross income.
　　Choice "a" is incorrect. Alimony payments are an adjustment, which is a deduction to arrive at adjusted gross income.
　　Choice "b" is incorrect. Trade or business expenses are deducted on Schedule C. This is before the calculation of adjusted gross income. Accordingly, this is a deduction to arrive at adjusted gross income.
　　Choice "c" is incorrect. Capital losses in excess of capital gains are deducted (up to $3,000) on Form 1040 before the calculation of adjusted gross income. Accordingly, this is a deduction to arrive at adjusted gross income.
　　高顿网校温馨提醒
　　2015年USCPA考试进行改革，难度提升？没关系，高顿网校USCPA题库为你解忧，每题都附有详细的答案和解析，每天加强训练，通过考试指日可待！点此进入高顿网校USCPA免费题库>>>
　　美国注册会计师精彩推荐：        USCPA招生专题
        2015年USCPA考试常见问题解析

展开全文