Shaun is a student who has received an academic scholarhsip to state university.

Question

Shaun is a student who has received an academic scholarhsip to state university. the scholarship paid $20,800 for Tution, 5400 for fees and 1280 for books tpx connect. Spilker, Taxation of Indlividuals and Business adnan nawaz ACCOUNTING 2017, 8e: A ndividual Taxation Fall 201 in Exam 2 Question 12 fof 40 Save & B 12. Colty is employed full time as·food technician fora local restaurant char. This year he has incurred tfie following expenses associated with his employment 5334 between venious restaurants uniforms (nct adeptable to daily wear) dues and Iicense Colby wes reimbursed S215 of the expenses from his employer's accounable plan. What amount can he nclude with his re arirtem red aeductori, nes AG, no year-a, MacBook Air

Explanation / Answer

Amount that can he included with his remaining itemized deductions if his AGI this year is $27,000:

= [($334 + $318 + $1,465) $215] (2% × $27,000)

= $1,362

All of the expenses are deductible but the deduction is reduced by the reimbursement and 2% of AGI.

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