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archie is itemizing deductions on his federal income tax return and had $1700 in non-reimbursed work expenses last year. If his AGI was $48000, and is non-reimbursed work expenses are deducted to the extent that they exceed 2% of a taxpayer's AGI, how much can Archie deduct for non-reimbursed work expenses? A. $1666 B.$740 C.$34 D.960

Respuesta :

MrCreighton

You can deduct any non-reimbursed work expenses that exceed 2% of your AGI.

In this case, 2% of Archie's AGI is (48,000 X 2%)= 960

So if you take the total expense of 1,700 and subtract the unallowable amount of 960 (2% of AGI), he can deduct B. $740

DylanBrown31

Answer:

B

Explanation:

$740

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