Deducted on his tax return for the current year

Assignment Help Financial Accounting

Reference no: EM131292128

Fastow, a corporate executive, incurred and paid the following business-related unreimbursed expenses in the current year:

Entertainment: $4,000

Travel: $3,000

Country club dues: $1,000

Business meals: $2,000

Assuming that Fastow does not itemize deductions, how much of these expenses can be deducted on his tax return for the current year?

A. $0

B. $4,500

C. $5,000

D. $7,000

E. $9,000

Reference no: EM131292128

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