Accounting Assignment | Custom Assignment Help
1-      Query 1:Why are the itemized deductions what they're? Why enable residence mortgage curiosity, however not bank card curiosity? Why enable medical expense deductions, not college expense deductions? Why enable state and native earnings and property taxes, however not state and native gross sales taxes?  Why, oh why, oh why?  What are your ideas?  Any itemized deductions you suppose shouldn't be included, or that aren't deductible however be?  Why? Are you able to make sense out of the current scheme and the six main teams (medical, native taxes, some curiosity, casualty, contributions, miscellaneous)? 2-      Query 2: The adjusted gross earnings quantity (AGI) is a crucial one. It's mentioned it's all the time higher for a deduction to be "for" AGI, i.e., deductible in arriving at AGI.  These are additionally referred to as "above the road" deductions.  Why is it higher?  Are you able to title any particular advantages to being deductible above the AGI line?   Talk about one or two "above the road" bills or changes to earnings from the entrance web page of the 1040. Why coverage cause do you suppose made these above the road deductions as an alternative of as itemized deductions?Get accounting project homework assist