LO4 Kweisi incurs the following employment-related expenses during the year: His employer maintains an accountable reimbursement plan

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LO4 Kweisi incurs the following employment-related expenses during the year:image text in transcribed

His employer maintains an accountable reimbursement plan and reimburses him $4,500 for his expenses. He also has $1,600 of other allowable miscellaneous expenses. What is his allowable deduction if

a. His adjusted gross income is $52,000?

b. Assume the same facts as in part

a, except that Kweisi’s employer has a nonaccountable reimbursement plan and Kweisi receives $4,500 from the plan to pay for his business expenses.

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Concepts In Federal Taxation 2011

ISBN: 9780538467926

18th Edition

Authors: Kevin E. Murphy, Mark Higgins

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