Your client is a qualified performing artist and makes $14,500 per year. She paid $250 for airfare for a work trip to perform in New York and $75 in additional job-related expenses. She was paid $500 for her performance. How much can she deduct as an adjustment to income? A. $75 as an adjustment to income B. $325 as an adjustment to income C. $250 as a miscellaneous itemized deduction D. No deduction

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Your client is a qualified performing artist and makes
$14,500 per year. She paid $250 for airfare for a
work trip to perform in New York and $75 in
additional job-related expenses. She was paid $500
for her performance. How much can she deduct as
an adjustment to income?
A. $75 as an adjustment to income
B. $325 as an adjustment to income
C. $250 as a miscellaneous itemized deduction
D. No deduction
Transcribed Image Text:Your client is a qualified performing artist and makes $14,500 per year. She paid $250 for airfare for a work trip to perform in New York and $75 in additional job-related expenses. She was paid $500 for her performance. How much can she deduct as an adjustment to income? A. $75 as an adjustment to income B. $325 as an adjustment to income C. $250 as a miscellaneous itemized deduction D. No deduction
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