Please I will need help of question numbers 36- 40Thank you 22, 1:34 PMRealize Your Potential: H&R Blocktaxpayer will need to file Schedule A, Itemized Deductions, to deduct which of the following?An amount contributed to a traditional IRA.State and local income tax withheld from the taxpayer's regular pay.Student loan interest paid on a qualified student loan.computer equipment.Unreimbursed business expenses incurred by an eligible educator, including amounts paid for classroom supplies, books, andOMark for follow upQuestion 37 of 50.Christina and Javier, a married couple filing a joint return, received a state income tax refund in 2021 for state taxes theyoverpaid in 2020. They were able to reduce their 2020 federal tax liability by itemizing and claiming a deduction for state andstate tax refund they received in 2021 as:local income taxes paid that year. When Christina and Javier file their 2021 return, they may need to report all or part of theO A negative deduction.O A recaptured credit.O A refundable credit.Taxable additional income.OMark for follow upQuestion 38 of 50.Which of the following types of interest is NEVER deductible on Schedule A, Itemized Deductions?Interest paid on money borrowed to buy stock for a standard investment portfolio.Mortgage interest paid on a second home.Personal interest paid on a car loan.Points paid in advance at the time of securing a mortgage for a taxpayer's main residence.Mark for follow upQuestion 39 of 50.A sole proprietor who earned a net profit from their business may be eligible for which of the following tax benefits?A deduction of up to 20% of gross income from all sources, including wages and investments.A deduction of up to 20% of qualified business income.A more favorable tax rate of 0%, 15%, or 20% on net profit from business.A flat corporate tax rate of 21% on net profit from business.Mark for follow upQuestion 40 of 50.A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families,claimed? ansas long as neither they nor their spouse were eligible for employer-sponsored health insurance. Where is this deductionAn adjustment to income on Schedule 1.A business expense on Schedule C.O A nonrefundable tax credit on Schedule 3.A refundable tax credit on Schedule 3.https://hrblock.csod.com/Evaluations/EvalLaunch.aspx?loid-47a30875-9c0b-4ea2-bf63-40a9c98c0b29&evalLvl=5&redirect_url=%2fphnx%2fdriver.as.6/9 22, 1:34 PMRealize Your Potential: H&R Blocktaxpayer will need to file Schedule A, Itemized Deductions, to deduct which of the following?An amount contributed to a traditional IRA.State and local income tax withheld from the taxpayer's regular pay.Student loan interest paid on a qualified student loan.computer equipment.Unreimbursed business expenses incurred by an eligible educator, including amounts paid for classroom supplies, books, andOMark for follow upQuestion 37 of 50.Christina and Javier, a married couple filing a joint return, received a state income tax refund in 2021 for state taxes theyoverpaid in 2020. They were able to reduce their 2020 federal tax liability by itemizing and claiming a deduction for state andstate tax refund they received in 2021 as:local income taxes paid that year. When Christina and Javier file their 2021 return, they may need to report all or part of theO A negative deduction.O A recaptured credit.O A refundable credit.Taxable additional income.OMark for follow upQuestion 38 of 50.Which of the following types of interest is NEVER deductible on Schedule A, Itemized Deductions?Interest paid on money borrowed to buy stock for a standard investment portfolio.Mortgage interest paid on a second home.Personal interest paid on a car loan.Points paid in advance at the time of securing a mortgage for a taxpayer's main residence.Mark for follow upQuestion 39 of 50.A sole proprietor who earned a net profit from their business may be eligible for which of the following tax benefits?A deduction of up to 20% of gross income from all sources, including wages and investments.A deduction of up to 20% of qualified business income.A more favorable tax rate of 0%, 15%, or 20% on net profit from business.A flat corporate tax rate of 21% on net profit from business.Mark for follow upQuestion 40 of 50.A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families,claimed? ansas long as neither they nor their spouse were eligible for employer-sponsored health insurance. Where is this deductionAn adjustment to income on Schedule 1.A business expense on Schedule C.O A nonrefundable tax credit on Schedule 3.A refundable tax credit on Schedule 3.https://hrblock.csod.com/Evaluations/EvalLaunch.aspx?loid-47a30875-9c0b-4ea2-bf63-40a9c98c0b29&evalLvl=5&redirect_url=%2fphnx%2fdriver.as.6/9

Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If you want any specific question to be solved then please specify the question number or post only that question.” An itemized deduction is a fee that may be subtracted from adjusted gross earnings (AGI) to lessen your taxable earnings and consequently decrease the quantity of taxes that you owe. Such deductions allow taxpayers who qualify to pay much less tax than in the event that they had opted to take the same old deduction—a hard and fast greenback quantity that varies through submitting status. Allowable itemized deductions, which can be a problem to limits, encompass loan interest, charitable gifts, and unreimbursed clinical expensesIn this question, it is required to determine whether the itemized deduction can be claimed by filling the schedule A. In this four options are given from which we need to choose the correct option. In schedule, A deduction related to state and local taxes can be claimed. The amount deducted in Schedule A is not more than 10,000. Hence, option (b) is correct. Option (a) is not correct because it is not the correct itemized deduction in Schedule A. Option (c) is not correct because it is not the correct itemized deduction in Schedule A. Option (d) is not correct because it is not the correct itemized deduction in Schedule A. Conclusion: Option (b) is correct.