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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
A good is not depletable if:
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