Question
Mike incurs the following employment-related expenses in the following year Actual Automobile Expenses Moving Expenses (deductible under sec 217)T Entertainment Expenses Travel Expenses(including $300 in
Mike incurs the following employment-related expenses in the following year
Actual Automobile Expenses | Moving Expenses (deductible under sec 217)T | Entertainment Expenses | Travel Expenses(including $300 in business meals) | Professional Dues and Subscriptions | Total | ||
$2000 | $3600 | $1200 | $3400 | 550 | 10,750 |
Mark's AGI is $90,000 before any of the above expenses are deducted. None of the expenses listed above are reimbursed by
employer. He has no other miscellaneous itemized deductions and does not use the standard deduction.
.
Requirement a. What is the amount of Mark's deduction for employment-related expenses?
Begin by selecting whether each of the following amounts are deductible, whether they are deductible for AGI or from AGI, and whether or not they are subject to any limitations.
b. Mark's total deduction for all employment-related expenses in the current year amount to $:
c. Complete the table below to show how these items will be reported on Mark's tax return:
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