Henrietta is itemizing deductions on her federal income tax return and had $2200 in non-reimbursed work expenses last year. If h

Question

3 years ago

9

Henrietta is itemizing deductions on her federal income tax return and had $2200 in non-reimbursed work expenses last year. If h

er AGI was $72,000, and if non-reimbursed work expenses are deductible to the extent that they exceed 2% of a taxpayer's AGI, how much can Henrietta deduct for non-reimbursed work expenses?
A. 760
B. 44
C. 2156
D. 1440

Mathematics

2 answers:

Jobisdone [24] · Answer 1 · 2022-08-12T22:14:30+03:00

Jobisdone [24]3 years ago

8 0

B. 44 is the correct answer

11Alexandr11 [23.1K] · Answer 2 · 2022-08-12T23:50:57+03:00

<u>Answer:</u>

The correct answer option is A. 760.

<u>Step-by-step explanation:</u>

We know that Henrietta is itemizing deductions on her federal income tax return and had $2200 in non-reimbursed work expenses last year.

We are to find how much can he deduct for non-reimbursed work expenses if her AGI was $72,000, and if non-reimbursed work expenses are deductible to the extent that they exceed 2% of a taxpayer's AGI.

Non-reimbursed work expenses is 2% of a taxpayer's AGI.

$=72000\times2\%$

$=78000\times\frac{2}{100} =$ $1440

Henrietta deduct for non-reimbursed work expenses = $2200-$1440 = $760