Question

Henrietta is itemizing deductions on her federal income tax return and had $2200 in non-reimbursed work expenses last year. 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, how much can Henrietta deduct for non-reimbursed work expenses?

A. 760
B. 44
C. 2156
D. 1440

Answer 1

Answer:

The correct answer option is A. 760.

Step-by-step explanation:

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