Audry, age 38 and single, earns a salary of $59,000. She has interest income of $1,600 and

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Audry, age 38 and single, earns a salary of $59,000. She has interest income of $1,600 and has a $2,000 long-term capital loss from the sale of a stock investment. Audry incurs the following employment-related expenses during the year:

Transportation .............................................. $5,500

Meals .......................................................... 2,800

Lodging ...................................................... 4,200

Entertainment of clients .................................... 2,200

Professional dues and subscriptions ......................... 300

Under an accountable plan, Audry receives reimbursements of $4,500 from her employer. Calculate her AGI and itemized employee business expenses?

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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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