Richard and Jane married with two dependent children, file a joint return. Richa
ID: 2452330 • Letter: R
Question
Richard and Jane married with two dependent children, file a joint return. Richard is employed as a sales representative. Jane works as a consultant. They have an AGI of $134,000 and provide you with the following additional information. They paid the following items: Safe-deposit box $ 30 Tax return preparation 175 Investments publications 36 Richard’s unreimbursed business expenses: Meals and entertainment $500 Parking and tolls 48 Travel while away on two-day trip 225 Other business expenses 50 Richard’s automobile information: Total miles driven during the year 30,000 Total miles driven for business 17,750 Daily commuting mileage 5 Total commuting mileage 1,250 They elect to use the standard mileage rate to deduct their automobile expenses. They have written documentation to support the deduction for the business use of the automobile. They do not have an employer-provided automobile. Jane has her own automobile that she uses for personal purposes. Using the above information, how much of these job expenses and misc. deductions are deductible on Schedule A?
Explanation / Answer
Safe-deposit box $ 30 - N.A
Tax return preparation =175
Investments publications= 36
Richard’s unreimbursed business expenses:
Meals and entertainment $500 - n.a.
Parking and tolls 48
Travel while away on two-day trip 225
Other business expenses 50
Richard’s automobile information:
Total miles driven during the year 30,000
Total miles driven for business 17,750
Not allowed = 12250
Daily commuting mileage 5
Total commuting mileage 1,250
Job expenses and misc. deductions are deductible on Schedule A = 18284
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.