Father Watkins received $50,000 in ministerial earnings: $35,000 salary for mini
ID: 2511918 • Letter: F
Question
Father Watkins received $50,000 in ministerial earnings: $35,000 salary for ministerial services, $5,000 for performing weddings, and $10,000 excluded parsonage allowance. Father Watkins incurred $6,000 of unreimbursed expenses connected with his ministerial earnings: $5,200 related to his ministerial salary and $800 related to the weddings performed as self-employed. How much of the expense related to his ministerial wage earnings will be deductible when figuring net income for income tax after allocation to the excluded parsonage allowance? 1. $6,000 2. $5,200 3. $4,160 4. $1,040
Explanation / Answer
80% of expense related to ministerial wage earnings is allowed for deduction from net income
Deduction = 80%($5,200)=$4,160
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