Michelle pays a CPA $400 for the preparation of her federal income tax return. Michelles only sources

Question:

Michelle pays a CPA $400 for the preparation of her federal income tax return. Michelle’s only sources of income are her salary from employment and interest and dividends from her investments.
a. Is this a deductible expense? If so, is it a deduction for or from AGI?
b. Assume the same facts as in Part a except that in addition to her salary and investment and dividend income, Michelle also owns a small business. Of the $400 fee paid to the CPA, $250 is for the preparation of her Schedule C (Profit or Loss from Business). How much, if any, of the $400 is a deductible expense? Identify it as either for or from AGI.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...