Frieda is itemizing deductions on her federal income tax return and had $1700 in non-reimbursed work expenses last year. If her AGI was $76,000, and if non-reimbursed work expenses are deductible to the extent that they exceed 2% of a taxpayer's AGI, how much can Frieda deduct for non-reimbursed work expenses?


A. $34 B. $180 C. $1666 D. $1520

Answers

Answer 1

Answer:

$180 is the correct answer!!!

Explanation:

Answer 2

Final answer:

Frieda can deduct $180 for non-reimbursed work expenses, as this amount is what remains after subtracting 2% of her AGI ($1,520) from her total non-reimbursed work expenses of $1,700.

Explanation:

The student has asked how much Frieda can deduct for non-reimbursed work expenses on her federal income tax return, given that she had $1,700 in such expenses and an adjusted gross income (AGI) of $76,000. Non-reimbursed work expenses are deductible to the extent that they exceed 2% of the taxpayer's AGI.

First, we calculate 2% of Frieda's AGI:

0.02 × $76,000 = $1,520

Since only the amount that exceeds this threshold is deductible, we subtract $1,520 from Frieda's total non-reimbursed work expenses:

$1,700 - $1,520 = $180

Therefore, the amount Frieda can deduct is $180.

The correct answer is B. $180.


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