1.Rhonda devotes all of her working hours as a financial manager at a corporate holding company.Rhonda has wages of $100,000, interest income of $5,000, capital gains of $10,000, and a loss of $5,000 from a limited partnership interest in a partnership that operates hardware stores throughout the Midwest.

What is Rhonda's adjusted gross income?

2.Which of the following types of deductions are not deductible currently because of the suspension of a former category of itemized deductions?

options:

Most unreimbursed employment expenses.

Most hobby expenses.

Expenses of tax planning, compliance, and litigation.

All of the above.