Q:

Henrietta is itemizing deductions on her federal income tax return and had $2200 in non-reimbursed work expenses last year. If her AGI was $72,000, and if non-reimbursed work expenses are deductible to the extent that they exceed 2% of a taxpayer's AGI, how much can Henrietta deduct for non-reimbursed work expenses?A. 760B. 44C. 2156D. 1440

Accepted Solution

A:
Answer:The correct answer option is A. 760.Step-by-step explanation:We know that Henrietta is itemizing deductions on her federal income tax return and had $2200 in non-reimbursed work expenses last year.We are to find how much can he deduct for non-reimbursed work expenses if her AGI was $72,000, and if non-reimbursed work expenses are deductible to the extent that they exceed 2% of a taxpayer's AGI.Non-reimbursed work expenses is 2% of a taxpayer's AGI.[tex]=72000\times2\%[/tex][tex]=78000\times\frac{2}{100} =[/tex] $1440Henrietta deduct for non-reimbursed work expenses = $2200-$1440 = $760