Business, 20.03.2021 01:00 ajbrock1004

Problem 9-41 (LO. 5) Elijah, who is single, is employed as a full-time high school teacher. The school district where he works recently instituted a policy requiring all of its teachers to start working on a master's degree. Pursuant to this new rule, Elijah spent most of the summer of 2017 taking graduate courses at an out-of-town university. His MAGI is $64,000 and expenses are as follows:

Tuition$6,600
Books and course materials1,500
Lodging1,700
Meals2,200
Laundry and dry cleaning200
Campus parking300
In addition, Elijah drove his personal automobile 2,200 miles in connection with the education. He uses the automatic mileage method.

Click here to access Exhibit 9.1. Assume that the AGI limitations of Â§ 222 are not exceeded.

a. Which of these expenses, if any, might qualify as deductions for AGI? Select "Yes" or "No" whichever is applicable.

Tuition (subject to limitation)Yes
LodgingNo
Auto mileageNo
Campus parkingNo
Books and course materialsNo
Laundry and dry cleaningNo
Meals (subject to 50% limit)No
How much, if any, of these expenses might qualify as deductions for AGI? 4000

b. How much of these expenses might qualify as deductions from AGI? (Assume the amount from Part a is claimed.)

Answers: 3

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Problem 9-41 (LO. 5) Elijah, who is single, is employed as a full-time high school teacher. The sch...

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