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Miscellaneous itemized deductions

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Reference no: EM132141163

Sam has had the following transactions during the year:

Gambling losses           $3,000

New suit for work             $500

Tax Preparation Fees       $1,000

Investment mgmt fee       $2,200

Sam's AGI of $110,000 is broken down as follows:

Earned income            $92,000

Gambling winnings        $2,000

What is the total value of Sam's miscellaneous itemized deductions? 

a. $2,000

b. $5,200

c. $4,000

d. $5,700

Reference no: EM132141163

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