In the current year, Melissa, a single employee whose AGI is $100,000 before any of the items below, incurs the following expenses:
Safe deposit box rental for investments ……………………….. $   100
Tax return preparation fees …………………………………….. 500
Moving expenses (deductible under Sec. 217) ………………… 2,000
Mortgage interest on Melissa’s principal residence ……………. 12,000
Real estate taxes on Melissa’s principal residence ……………… 1,800
Unreimbursed employment-related expenses
(other than business meals and entertainment) ………………… 6,000
Unreimbursed employment-related expenses for business
meals and entertainment (business is discussed) ………………. 1,200
Total ……………………………………………………………. $23,600
a. What is the amount of Melissa’s total miscellaneous itemized deductions (after deducting the 2% floor)?
b. What is the amount of Melissa’s total itemized deductions?
c. What is the amount of Melissa’s total itemized deductions if her AGI, after all adjustments above, is $190,000?