Audry, age 38 and single, earned a salary of $59,000. She had interest
income of $1,600
and had a $2,000 long-term capital loss from the sale of a stock
investment. Audry
incurred the following employment-related expenses during the year:
Transportation $5,500
Meals 2,800
Lodging 4,200
Entertaining clients 2,200
Professional dues and subscriptions 300
Under an accountable plan, Audry receives reimbursements of $4,500 from
her employer.
Calculate her AGI and itemized employee business expenses.
Business Homework Solutions
#97926
TAX ACCOUNTING
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