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McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068 Exercise 12
Tammy teaches elementary school history for the Metro School District.In 2011 she has incurred the following expenses associated with her job: 
?Tammy's base salary is $45,000, and she receives a $200 salary supplement to help her cover expenses associated with her school extracurricular activities.
a.Identify the amount and type (for AGI or from AGI) of deductible expenses.b.Calculate Tammy's AGI and taxable income for 2011 assuming she files single with one personal exemption.c.Calculate Tammy's AGI and taxable income assuming she files single with one personal examption and the year is 2009.
?Tammy's base salary is $45,000, and she receives a $200 salary supplement to help her cover expenses associated with her school extracurricular activities.a.Identify the amount and type (for AGI or from AGI) of deductible expenses.b.Calculate Tammy's AGI and taxable income for 2011 assuming she files single with one personal exemption.c.Calculate Tammy's AGI and taxable income assuming she files single with one personal examption and the year is 2009.
Explanation
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a.The commuting expense and lunches are ...
McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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