Expenses classified as for agi or from agi

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Reference no: EM1334120

Miscellaneous Itemized Deductions

In the current year Mary incures $3600 of unreimbursed employement-related travel and entertainment expenses. These expenses include the following:
Taxi fare-100
meals eaten alone while away from home-300
business meals with customers in which business is discussed-500
entertainment of customers-500

Mary also pays $1000 of investment couseling fees and $500 of tax return prep fees in the current year. Mary's AGI is 70,000.

a. what is the total amount of Mary's deductible expenses?
b. Are the deductible expenses classified as for AGI or from AGI?

Reference no: EM1334120


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