89. Joline works as a sales manager for the Washington Manufacturing Company. Although the company has an accountable reimbursement plan, as a cost containment measure the company will only reimburse its sales personnel for 80% of their business expenses. During the year, Joline incurred the following business expenses: Airfare $ 3,000 Hotels 3,700 Meals 1,200 Entertainment 1,000 If Joline's adjusted gross income is $62,000, what amount can Joline deduct as a miscellaneous itemized deduction? a. $ 320 b. $ 540 c. $ 890 d. $1,560 e. $1,780

89. Joline works as a sales manager for the Washington Manufacturing Company. Although the company has an accountable reimbursement plan, as a cost containment measure the company will only reimburse its sales personnel for 80% of their business expenses. During the year, Joline incurred the following business expenses: Airfare $ 3,000 Hotels 3,700 Meals 1,200 Entertainment 1,000 If Joline's adjusted gross income is $62,000, what amount can Joline deduct as a miscellaneous itemized deduction? a. $ 320 b. $ 540 c. $ 890 d. $1,560 e. $1,780

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 79P

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