! Required information [The following information applies to the questions displayed below.] In each of the following in
Posted: Sun Jul 03, 2022 1:14 pm
b. Timothy, a plumber employed by ACE Plumbing, spent $127 for small tools to be used on his job, but he was not reimbursed by ACE. Answer is complete but not entirely correct. Deductible for AGI 0 Deductible from AGI Not deductible S S S 127 0X
c. Jake is a perfume salesperson. Because of his high pay, he receives no allowance or reimbursement from his employer for advertising expenses even though his position requires him to advertise frequently. During the year, he spent $4,250 on legitimate business advertisements. ▸ Answer is complete but not entirely correct. $ 4,250 x $ 0✓ $ 0x Deductible for AGI Deductible from AGI Not deductible
e. Mary, a professor at a community college, spent $545 for magazine subscriptions. The magazines were helpful for her research activities, but she was not reimbursed for the expenditures. Answer is complete but not entirely correct. Deductible for AGI S 545 X 0 Deductible from AGI S Not deductible S 0x