Question
Alice is a fifth grade elementary school teacher. In 2021, she spent $275 from her own funds to buy prizes for her students. She can
Alice is a fifth grade elementary school teacher. In 2021, she spent $275 from her own funds to buy prizes for her students. She can claim the following deduction for purchasing the prizes: $275 for AGI $250 for AGI $275 as an itemized deduction $250 as an itemized deduction
$275 for AGI
$250 for AGI
$275 as an itemized deduction
Which of the following is deductible to arrive at adjusted gross income?
Unreimbursed dues paid to the AICPA by an employee of an accounting firm
| ||
Hobby losses | ||
50% of the medical premiums paid by a self-employed individual | ||
50% of self-employment taxes |
$250 as an itemized deduction
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