Which of the following expenses would not be deductible on Schedule A as an empl
ID: 2403714 • Letter: W
Question
Which of the following expenses would not be deductible on Schedule A as an employee expense subject to the 2 percent of Adjusted Gross Income limitation?
Cleaning expense for a National Guard uniform.
Union dues paid by a teacher which were not reimbursed.
Personal subscription to a “Money” magazine by an investment broker who works for Fidelity so that he can keep up with what is happening in his trade.
Travel expense to a conference which was repaid by the employer under an accountable plan
Cleaning expense for a National Guard uniform.
Union dues paid by a teacher which were not reimbursed.
Personal subscription to a “Money” magazine by an investment broker who works for Fidelity so that he can keep up with what is happening in his trade.
Travel expense to a conference which was repaid by the employer under an accountable plan
A.Cleaning expense for a National Guard uniform.
B.Union dues paid by a teacher which were not reimbursed.
C.Personal subscription to a “Money” magazine by an investment broker who works for Fidelity so that he can keep up with what is happening in his trade.
D.Travel expense to a conference which was repaid by the employer under an accountable plan
Explanation / Answer
As both questions are same answering only 1 , please comment if any doubt.
Ans:Option C
Solu: As per the IRS publication 529(2017), miscellaneous deduction allows deduction of 2% on miscellaneous ground from adjusted total income to the extend which are directly related to income effectively taxed in United states. Under the provision all the three option A, b, & D are covered as it is related to occupation the assessee are involved in except the option C as it is a personal subscription not authorised by the employer.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.