Problem 9-41 (LO. 5) Elijah, who is single, is employed as a full-time high scho

Question

Problem 9-41 (LO. 5)

Elijah, who is single, is employed as a full-time high school teacher. The school district where he works recently instituted a policy requiring all of its teachers to start working on a master's degree. Pursuant to this new rule, Elijah spent most of the summer of 2017 taking graduate courses at an out-of-town university. His MAGI is $64,000 and expenses are as follows:

In addition, Elijah drove his personal automobile 2,200 miles in connection with the education. He uses the automatic mileage method.

Click here to access Exhibit 9.1. Assume that the AGI limitations of § 222 are not exceeded.

a. Which of these expenses, if any, might qualify as deductions for AGI? Select "Yes" or "No" whichever is applicable.

How much, if any, of these expenses might qualify as deductions for AGI? 4000

b.  How much of these expenses might qualify as deductions from AGI? (Assume the amount from Part a is claimed.)

Tuition $6,600 Books and course materials 1,500 Lodging 1,700 Meals 2,200 Laundry and dry cleaning 200 Campus parking 300

Explanation / Answer

ans a For AGI Tuition (subject to limitation) Yes Lodging No Auto mileage No Campus parking No Books and course materials No Laundry and dry cleaning No Meals (subject to 50% limit) No ans b Tuition (6600-4000) 2600 Lodging 1700 Auto mileage (2200*.535) 1177 Campus parking 300 Books and course materials 1500 Laundry and dry cleaning 200 Meals (subject to 50% limit) 1100 Deduction from AGI 8577

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