Question

Which of the following is not a deductible expense?

1) Funeral expenses
2) Personal property taxes
3) Interest on student loans
4) Charitable contributions
5) Real estate taxes

Answer 1

The correct answer is 1) Funeral expenses. Deductible expenses are those expenses that can be subtracted from your taxable income, reducing the amount of income that is subject to tax.

Step-by-step explanation:

The correct answer is 1) Funeral expenses.

All the other options - personal property taxes, interest on student loans, charitable contributions, and real estate taxes - are deductible expenses. Deductible expenses are those expenses that can be subtracted from your taxable income, reducing the amount of income that is subject to tax. However, funeral expenses are not deductible because they are considered personal expenses and not related to any income-generating activities.