$18.$ Would education expenses incurred by a self$-$employed individual be allowed in $2023$ for the

following expenses?

Cost of a CPA review course $ $2,500$

Accounting continuing education $1,000$

expenses $($including travel, con$-$ference fees, and meals of $$200)$

Law school tuition and books $9,000$

Total $$12,500$

$41.$ Mike, a self$-$employed consultant, incurs the following

business$-$related expenses in $2023$:

Actual automobile expenses $ $2,500$

Moving expenses $4,000$

Entertainment expenses $1,500$

Travel expenses $($including $$500$ of business meals$)2,500$

Professional dues and subscriptions $500$

Total $ $11,000$

Mike earned $$130,000$ of gross income from his consulting business and had $$12,000$ of

interest and dividend income in $2023$ before any of the above expenses are deducted. He

has $$20,000$ of itemized deductions. Mike is married and files a joint return with his wife,

Ann, who has no income.

a$.$ What is the amount of Mike$$s deduction for business$-$related expenses for $2023?$

b$.$ What is Mike and Ann$$s AGI and taxable income in $2023,$ assuming he is married and

files a joint return, and ignoring the self$-$employment tax?