Question: 5.Tony, whose AGI is $90,000 this year (without considering the expenditures below), incurs the following expenses: Deductible moving expenses $3,000 Tax return preparation fee 500
5.Tony, whose AGI is $90,000 this year (without considering the expenditures below), incurs the following expenses:
Deductible moving expenses $3,000
Tax return preparation fee 500
Unreimbursed employee expenses 1,000
Safe deposit box rental 100
Total: $4,600
Assuming Tony itemizes his deductions, what is the total deductible amountresulting from the above expenditures (i.e. both for and from AGI)?
A.$1,600
B.$2,800
C.$3,000
D.$4,600
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