Charles has AGI of $94,000 during the year and the following expenses related to his employment: Lodging
Question:
Lodging while in travel status .........................................$5,000
Meals during travel.......................................................4,000
Business transportation...................................................6,000
Entertainment of clients..................................................3,800
Professional dues and subscriptions......................................800
Charles is reimbursed $14,000 under his employer's account table plan.
Determine what percentage of the reimbursement applies to meals and entertainment. (Round the percent answer to nearest whole percent. Use this value in subsequent computations.) ____________ %
Determine Charles's unreimbursed deduction. If an amount is zero, enter "0".
Determine Charles's total deduction (after any limitations) from AGI. $ ______
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Related Book For
South Western Federal Taxation 2015 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781285438290
18th Edition
Authors: James Smith, William Raabe, David Maloney, James Young
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