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    Mr. and Mrs. West's adjusted gross income was $90,000. Durin

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    Mr. and Mrs. West's adjusted gross income was $90,000. During the current year they incurred and paid the following:

    Publications (unreimbursed and related to employment) $2,000
    Tax return preparation fee 1,000
    Dues to professional organizations 1,500
    Fees for will preparation (no tax advice) 800
    Life insurance premiums 1,400

    Assuming they can itemize deductions, how much should the West's claim as miscellaneous itemized deductions (after limitations have been applied)?
    A) $2,700
    B) $4,500
    C) $3,500
    D) $5,300

    Joe is a self-employed tax attorney who frequently entertains his clients at his country club. Joe's club expenses include the following:

    Annual dues $ 5,400
    Initiation fees 1,200
    Charges for personal meals with his family 3,100
    Meal and entertainment charges related to business use 4,000

    Assuming the business meals and entertainment qualify as deductible entertainment expenses, Joe may deduct
    A) $2,000.
    B) $4,700.
    C) $5,300.
    D) $4,000.

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    https://brainmass.com/business/accounting/mr-and-mrs-west-s-adjusted-gross-income-was-90-000-durin-394567

    Solution Preview

    1 - $5300 - All except the life insurance premiums, which are never deductible. ...

    Solution Summary

    Mr. and Mrs. West's adjusted gross income was $90,000. During the current year they incurred and paid the following:

    $2.19

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