Question

In: Accounting

In 2018, Ava, an employee, who files single, has AGI of $29,900 and incurred the following...

In 2018, Ava, an employee, who files single, has AGI of $29,900 and incurred the following miscellaneous itemized deductions this year:

Union dues and work uniforms: $990

Home office expenses: $2,970

Unreimbursed employee expenses: $1,386

Gambling losses to the extent of gambling winnings: $1,150.

What is Ava’s total itemized deduction related to these items?

Solutions

Expert Solution

Ava’s total itemized deduction
Union dues and work uniforms                                    990
Home office expenses                                 2,970
Unreimbursed employee expenses                                 1,386
                                5,346
Less : 2% of AGI (2% * 29,900)                                    598
                                4,748
Add : Gambling losses                                 1,150
Total itemized deduction                                 5,898
Note : Gambling losses are not eligible for deduction of 2% of AGI

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