AAFM Exam CWM_LEVEL_2 Topic 5 Question 59 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 59
Topic #: 5

[All CWM_LEVEL_2 Questions]

Section A (1 Mark)

Adjusted gross income is used in establishing limits on the following deductions, with the exception of

ACharitable contributions.

BCasualty losses.

CEmployee business expenses reimbursed by the employer.

DMedical expenses.

Show Suggested Answer

Suggested Answer: B

by Hoa at Apr 23, 2023, 12:13 AM

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Dahlia

12 days ago

I'm not sure, but I think it makes sense that employee business expenses reimbursed by the employer would not be limited by adjusted gross income.

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Lorean

13 days ago

Hmm, this is a tricky one. I'm going to go with option C - employee business expenses reimbursed by the employer. That just seems like the odd one out here.

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Talia

16 days ago

I agree with Tresa, because adjusted gross income does not affect expenses reimbursed by the employer.

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Tresa

20 days ago

I think the answer is C) Employee business expenses reimbursed by the employer.

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