Audry, age 38 and single, earned a salary of $59,000. She had interest income of $1,600 and had a $2,000 long-term capital loss from the sale of a stock investment.
Audry incurred the following employment-related expenses during the year:
Entertaining clients $2,200
Professional dues and subscriptions $300
Under and accountable plan, Audry receives reimbursements of $4,500 from her
employer. Calculate her AGI and itemized employee business expenses.
Audry's calculation of adjusted gross income does not include any of the ...
This solution shows the calculation of AGI considering employee business expenses under an accountable plan.