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I:9-52 Mike incurs the following employment-related expenses in the current year: Actual automobile expenses $ 2,500 Moving expenses (deductible under Sec. 217) 4,000 Entertainment expenses
I:9-52 Mike incurs the following employment-related expenses in the current year: Actual automobile expenses $ 2,500 Moving expenses (deductible under Sec. 217) 4,000 Entertainment expenses 1,500 Travel expenses (including $500 of business meals) 2,500 Professional dues and subscriptions 500 Total $11,000 Mikes AGI is $120,000 before any of the above expenses are deducted. None of the expenses listed above are reimbursed by Mikes employer. He has no other miscellaneous itemized deductions and does not use the standard deduction. a. What is the amount of Mikes deduction for employment-related expenses? b. How are these items reported in Mikes tax return
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