Marybeth is employed as an accountant for a large firm in San Diego. During 2016, she paid

Question:

Marybeth is employed as an accountant for a large firm in San Diego. During 2016, she paid the following miscellaneous expenses:

Unreimbursed employee business expenses ..................$520

AICPA dues ....................................................... 400

Investment journal subscriptions ............................... 175

Student loan interest ............................................. 450

Job-hunting expenses within the same profession............ 200

Marybeth plans to itemize her deductions in 2016 because she purchased a home this year and has mortgage interest expense; what amount could she claim as miscellaneous itemized deductions before the AGI limitations?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Taxation 2017

ISBN: 9781259752735

10th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

Question Posted: