Accounting firm reimbursement

Assignment Help Accounting Basics

Reference no: EM13134012

For or From AGI Deductions. Roberta is an accountant employed by a local firm. During the year, Roberta incurs the following unreimbursed expenses:

Item Amount
Travel to client locations $750.
Subscriptions to professional journals $215
Taking potential clients to lunch $400
Photocopying $ 60

a. Identify which of these expenses are deductible and the amount that is deductible. Indicate whether they are deductible for or from AGI.

b. Would the answers to Part a change if the accounting firm reimburses Roberta for these expenses?

Reference no: EM13134012

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