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For the current year, Horton was self-employed as a CPA. He had the following expenses: Attendance at a tax law conference ($900 for travel and
For the current year, Horton was self-employed as a CPA. He had the following expenses:
Attendance at a tax law conference ($900 for travel and $200 for meals) $1,100
Continuing Education for CPA license renewal 1,000
Professional dues and journals 400
Political Contribution to a local congressional reelection campaign (highly recommended by the AICPA) 400
-Calculate how much of these expenses are allowed as deductions for AGI (after limitations)?
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