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Required Information The following Information applies to the questlons displayed below.] Clem Is married and is a skilled carpenter. Clem's wife, Wanda, works part-time as
Required Information The following Information applies to the questlons displayed below.] Clem Is married and is a skilled carpenter. Clem's wife, Wanda, works part-time as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (If any) under the following independent clrcumstances: (Leave no answer blank. Enter zero if applicable.) a. Clem Is self-employed and this year he incurred $525 in expenses for tools and supplies related to his job. Since nelther were covered by a qualified health plan, Wanda pald health insurance premiums of $3,600 to provide coverage for herself and Clem (not through an exchange). Deductible amount for AGI Required Information [The following information applies to the questions displayed below. Clem Is married and Is a skilled carpenter. Clem's wife, Wanda, works part-ume as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (f any) under the following independent circumstances: (Leave no answer blank. Enter zero If applicable.) b. Clem and Wanda own a garage downtown that they rent to a local business for storage. This year they Incurred expenses of $1,250 In utilitles and $780 In depreclation. Deductible amount for AGI Required Information The following Information applies to the questions displayed below] Clem Is married and Is a sklled carpenter. Clem's wife, Wanda, works part-tlme as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following Independent circumstances: (Leave no answer blank. Enter zero if applicable.) c. Clem pald self-employment tax of $15,300 (the employer portlon is $7,650), and Wanda had $3,000 of Soclal Security taxes withheld from her pay. Deductible amount for AGI
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