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In the current year, Mary incurs $3,600 of unreimbursed employment-related travel and entertainment expenses. These expenses include the following: Airfare $1,500 Taxi fare 100 Meals
In the current year, Mary incurs $3,600 of unreimbursed employment-related travel and entertainment expenses. These expenses include the following: Airfare $1,500 Taxi fare 100 Meals eaten alone while away from home on business 300 Laundry 50 Lodging 650 Business meals with customers at which business is discussed 500 Entertainment of customers 500 Total $3,600 Mary also pays $1,000 of investment counseling fees and $500 of tax return preparation fees in the current year. Marys AGI is $70,000. a. What is the total amount of Marys deductible expenses? b. Are the deductible expenses classified as for AGI or from AGI
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