The calculation of an individual's income tax includes certain deductions for adjusted gross income. The following are examples of this class of deductions:
I.Trade or business expenses
II.Rental expenses
III.Interest on student loans
IV.Investment interest
A) Statements I and II are correct.
B) Statements I, II, and III are correct.
C) Only statement I is correct.
D) Only statement III is correct.
E) Statements I, II, III, and IV are correct.
Correct Answer:
Verified
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