Wang, a licensed architect employed by Skye Architects, incurred the following unreimbursed expenses this year: Wang's AGI is $75,000. What is his net deduction for miscellaneous itemized deductions?
A) $0
B) $1,900
C) $800
D) $1,500

Question

Wang, a licensed architect employed by Skye Architects, incurred the following unreimbursed expenses this year:  Wang's AGI is $75,000. What is his net deduction for miscellaneous itemized deductions?
A) $0 
B) $1,900 
C) $800 
D) $1,500

Quizplus · Accepted Answer

($800 + 400 + 600 + 500) - (.02 × 75,000) = $800

Wang, a Licensed Architect Employed by Skye Architects, Incurred the Following