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    AGI and Itemized Employee Expense Under Accountable Plan

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    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:

    Transportation $55,800
    Meals $2,800
    Lodging $4,200
    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.

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    https://brainmass.com/business/accounting/agi-and-itemized-employee-expense-under-accountable-plan-108322

    Solution Preview

    Audry's calculation of adjusted gross income does not include any of the ...

    Solution Summary

    This solution shows the calculation of AGI considering employee business expenses under an accountable plan.

    $2.19

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