Question: This is a graded discussion: 10 points possible [Post First Discussion] Module 8 Post (Chapter 7) Please click Reply to create your response to

This is a graded discussion: 10 points possible [Post First Discussion] Module

This is a graded discussion: 10 points possible [Post First Discussion] Module 8 Post (Chapter 7) Please click "Reply" to create your response to this post. Enter Chapter 7 in the first line of the post. This is a required activity. You must post before viewing other student's posts Answer the lead question. Additionally, expand the discussion by posting two responses to your peers' posts Chapter 7 Lead Question Discussion Post due May 8 45 45 Simon lost $5,000 gambling this year on a trip to Las Vegas. In addition, he paid $2,000 to his broker for managing his $200,000 portfolio and $1,500 to his accountant for preparing his tax return. In addition, Simon incurred $2,500 in transportation costs commuting back and forth from his home to his employer's office, which were not reimbursed. Calculate the amount of these expenses that Simon is able to deduct (assuming he itemizes his deductions).

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