Individual Income Taxes
43rd Edition
ISBN: 9780357109731
Author: Hoffman
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Question
Chapter 9, Problem 21CE
To determine
Identify the deduction for the given cases.
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Samantha, who is single and has MAGI of $42,300, was recently employed by an accounting firm. During the year, she spends $2,550 for a CPA exam review course and begins working on a law degree in night school. Her law school expenses were $5,895 for tuition and $555 for books (which are not a requirement for enrollment in the course).
Assuming no reimbursement, how much of these expenses can Samantha deduct?$fill in the blank 1
Samantha, who is single and has MAGI of $48,600, recently was employed by an accounting firm. During the year, she spends $1,200 for a
CPA exam review course and begins working on a law degree in night school. Her law school expenses were $6,795 for tuition and $525 for
books (which are not a requirement for enrollment in the course).
Click here to access Exhibit 9.1. If an amount is zero, enter "0".
a. Assuming no reimbursement, how much can Samantha deduct for the CPA exam review course?
b. Assuming no reimbursement, how much can Samantha deduct for the Law school expenses?
Samantha, who is single and has MAGI of $41,400, was recently employed by an accounting
firm. During the year, she spends $1,200 for a CPA exam review course and begins working
on a law degree in night school. Her law school expenses were $4,140 for tuition and $720
for books (which are not a requirement for enrollment in the course).
Click here to access Concept Summary 9.2. If an amount is zero, enter "0".
Assuming no reimbursement, how much of these expenses can Samantha deduct?
Chapter 9 Solutions
Individual Income Taxes
Ch. 9 - Prob. 1DQCh. 9 - Mason performs services for Isabella. In...Ch. 9 - Milton is a resident of Mobile (Alabama) and is...Ch. 9 - In 2017, Emma purchased an automobile, which she...Ch. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 9DQCh. 9 - Prob. 10DQ
Ch. 9 - Prob. 11DQCh. 9 - Prob. 12DQCh. 9 - Prob. 13DQCh. 9 - Prob. 14DQCh. 9 - Paul wholly owns and operates an office supplies...Ch. 9 - Prob. 16DQCh. 9 - Prob. 17DQCh. 9 - Lara uses the standard mileage method for...Ch. 9 - Fred, a self-employed taxpayer, travels from...Ch. 9 - Prob. 20CECh. 9 - Prob. 21CECh. 9 - In 2019, Robert entertains four key clients and...Ch. 9 - In 2019, the CEO of Crimson, Inc., entertains...Ch. 9 - Prob. 24CECh. 9 - Cindy maintains an office in her home that...Ch. 9 - Prob. 26CECh. 9 - Prob. 27CECh. 9 - Prob. 28PCh. 9 - Prob. 29PCh. 9 - Prob. 30PCh. 9 - In June of this year, Dr. and Mrs. Bret Spencer...Ch. 9 - Prob. 32PCh. 9 - On Thursday, Justin flies from Baltimore (where...Ch. 9 - Monica, a self-employed taxpayer, travels from her...Ch. 9 - Prob. 35PCh. 9 - Prob. 36PCh. 9 - Prob. 37PCh. 9 - Prob. 38PCh. 9 - Prob. 39PCh. 9 - Prob. 40PCh. 9 - Shelly has 200,000 of QBI from her local jewelry...Ch. 9 - Prob. 42PCh. 9 - Prob. 43PCh. 9 - Prob. 44PCh. 9 - Prob. 45PCh. 9 - Prob. 46PCh. 9 - Ben and Molly are married and will file jointly....Ch. 9 - Prob. 48PCh. 9 - Prob. 49PCh. 9 - Prob. 50PCh. 9 - David R. and Ella M. Cole (ages 39 and 38,...Ch. 9 - Addison Parker (Social Security number...Ch. 9 - In the current year, Barlow moved from Chicago to...Ch. 9 - Prob. 2CPACh. 9 - Prob. 3CPACh. 9 - Prob. 4CPACh. 9 - Prob. 5CPACh. 9 - Prob. 6CPACh. 9 - Calculate the taxpayers 2019 qualifying business...Ch. 9 - Prob. 8CPA
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