Calculate tammys agi and taxable income

Assignment Help Taxation

Reference no: EM13905908

Tammy teaches elementary school history for the Metro School District. In 2015 she has incurred the following expenses associated with her job:

Noncredit correspondence course on history	$ 900
Teaching cases for classroom use	1,800
Tuition for university graduate course in physics	1,200
Transportation between school and home	750
Photocopying class materials	100
Transportation from school to extracurricular activities	110
Cost of lunches eaten during study halls	540

Tammy receives a base salary of $45,000 and a $200 salary supplement to help her cover expenses associated with her school extracurricular activities.

a) Identify the amount and type ( for AGI or from AGI) of deductible expenses (assume the 2014 rules apply for purposes of the qualified education expense deduction and the educator expense deduction).

b) Calculate Tammy's AGI and taxable income for 2015 assuming she files single with one personal exemption (assume the 2014 rules apply for purposes of the qualified education expense deduction and the educator expense deduction).

Reference no: EM13905908

Questions Cloud

Calculate evans agi and taxable income : Evan graduated from college, and took a job as a deliveryman in the city. Calculate Evan's AGI and taxable income if he files single with one personal exemption.

What can be done to improve your family happiness : Nothing is more stressful than a miserable relationship and nothing can be more satisfying than a loving relationship. Briefly discuss Carl Rogers "5 Characteristics of all Successful Relationships".

Calculate jeffs itemized deductions after considering : Assume that Jeff's AGI is $280,000. Calculate Jeff's itemized deductions after considering the overall phase-out of itemized deductions.

Compare and contrast velocity or speed and acceleration : Describe Examples how you move an object or person with constant speed AND also with constant acceleration.

Calculate tammys agi and taxable income : Calculate Tammy's AGI and taxable income for 2015 assuming she files single with personal exemption assume the 2014 rules apply for purposes of qualified education expense deduction and the educator expense deduction.

Differences between julian calendar and gregorian calender : What is the differences between Julian calendar and Gregorian calender? How each was developed?

What would you choose for the independent function variable : In a projectile motion experiment, if you wanted to plot the range R versus a quantity that depends on angle (that is, you are going to vary the angle) and that would result in a straight line, what would you choose for the independent function va..

Viewer features of the application : Sharon has started to use both the stock details management and the file information viewer features of the application. However, while using the file information viewer application, she accidentally enters the path of a folder that does not exist..

What is the probability of winning : What is the probability of winning a low, even, red, black, odd, or high bet in the game of American roulette? What is the probability of winning a bet placed on any one particular number, e.g., 33? Notice that under American roulette, there are s..

User Account

All Pages