Charles has AGI of $94,000 during the year and the following expenses related to his employment: Lodging

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Charles has AGI of $94,000 during the year and the following expenses related to his employment:

Lodging while in travel status ........... $5,000

Meals during travel ................ 4,000

Business transportation ............. 6,000

Entertainment of clients .............. 3,800

Professional dues and subscriptions ........ 800

Charles is reimbursed $14,000 under his employer’s accountable plan. What are his deductions for and from AGI?

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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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Question Posted: May 25, 2015 07:24 AM

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Charles has AGI of $94,000 during the year and the following expenses related to his employment: Lodging

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Charles must first make an allocation to determine the portion of the reimbursement that applies to ...View the full answer

South Western Federal Taxation Individual Income Taxes 2017

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