Question

Required information [The following information applies to the questions displayed below.] In each of the following independent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) deductible neither for nor from AGI before considering income limitations or the standard deduction. (Leave no answer blank. Enter zero if applicable.) a. Fran spent $94 for uniforms for use on her job. Her employer reimbursed her for $66 of this amount under an accountable plan (and did not report the reimbursement as wages). Deductible for AGI Deductible from AGI Not deductible

Answer 1

I am answering for the first 4 questions.

Adjusted gross income is the difference between the gross income and the deductions from business or rental activities.

Deductions like medical expenses and itemized deductions.

Deductions from AGI includes loss on property sale, alimony payments and educational expenses.

a. Fran spent $94 for uniforms for use on her job. And employer reimbursed $66

Hence $28 ($94 - $66) is deductible from AGI

Deductible for AGI
Deductible from AGI	$28
Not deductible

b. Timothy spent $152 for small tools to be used on his job, but was not reimbursed, hence $152 should be taken as deductible from AGI.

Deductible for AGI
Deductible from AGI	$152
Not deductible

c. Jake receives a high pay hence his employer didnot reimburse for the expenses made. Hence the expense of $4,500 is to be taken as deductible from AGI.

Deductible for AGI
Deductible from AGI	$4500
Not deductible

d. Trey is self employed hence the amount of $615 spent on uniform is deductible for AGI.

Deductible for AGI	$615
Deductible from AGI
Not deductible