Marc Clay was unemployed for the entire year of 2015. In January 2016, Clay obtained full-time employment 60 miles away from the city where he had resided during the 10 years preceding 2016. Clay kept his new job for the entire year of 2016. In January 2016, Clay paid direct moving expenses of $300 in relocating to his new city of residence, but he received no reimbursement for these expenses. In his 2016 income tax return, Clay's direct moving expenses are
a) Fully deductible only if Clay itemizes his deductions.
b) Fully deductible from gross income in arriving at adjusted gross income.
c) Deductible subject to a 2% threshold if Clay itemizes his deductions.
d) Not deductible.
Ans: b) Fully deductible from gross income in arriving at adjusted gross income.
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Experimental design is a plan for performing an experiment where the effects of one or more factors on the variable of interest are measured
Indicate whether the statement is true or false