Question

In 2019, Ava, an employee, who files single, has AGI of $58,000 and incurred the following miscellaneous itemized deductions this year:Home office expenses: $1,200Union dues and work uniforms: $350Unreimbursed employee expenses: $415Gambling losses to the extent of gambling winnings: $890. What is Ava’s total itemized deduction related to these items?

Answer 1

Answer: $1,695

Explanation:

GIVEN THE FOLLOWING ;

miscellaneous itemized deduction for the year;

Home office expenses = $1,200

Union dues and work uniforms = $350

Unreimbursed employee expenses = $415

Gambling losses to the extent of gambling winnings = $890.

Value of miscellaneous itemized deduction is :

Miscellaneous itemized deduction = [(Home office expenses + Union dues and work uniforms + Unreimbursed employee expenses) – 2 % of Adjusted Gross Income + Gambling losses to the extent of gamble winnings]

[($1,200 + $350 + $415) - (0.02 × 58,000) + $890]

[$1,965 - $1160 + $890]

$1,695