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QUESTION 21 Apu Nahasapeemapetilon, CPA has AGI of $50,000 and he incurs the following expenses: Expense Amount Business traveling expenses $1,000 Business Related Meals $2,000
QUESTION 21 Apu Nahasapeemapetilon, CPA has AGI of $50,000 and he incurs the following expenses: Expense Amount Business traveling expenses $1,000 Business Related Meals $2,000 Office supplies $1,000 Professional association dues paid $1,000 Commuting expenses $1,000 Premiums paid on key man life insurance policy $1,000 Meals while working late $2,000 Total $9,000 Assuming Apu is self-employed, how much of the above expenses can he deduct on his federal tax return? A. 54.000 B. 55.000 C 56.000 D. 57.000 E. 58.000
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