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Mary also pays 1000 of investment counseling fees and 500

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Reference no: EM13591041

Unreimbursed Employee Expenses. In the current year, Mary incurs $3,600 of unreimbursed employment-related travel and entertainment expenses. These expenses include the following:

  • Airfare $1,500
  • Taxi fare 100
  • Meals eaten alone while
  • away from home on business 300
  • Laundry 50
  • Lodging 650
  • Business meals with customers at
  • which business is discussed 500
  • Entertainment of customers 500
  • Total 3600

Mary also pays $1,000 of investment counseling fees and $500 of tax return preparation 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: EM13591041

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