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Bob Brain Files a Single Tax Return and Decides to Itemize

Question 80

Multiple Choice

Bob Brain files a single tax return and decides to itemize his deductions. Bob's income for the year consists of $74,100 of salary, $3,450 long-term capital gain, and $2,450 interest income. Bob's expenses for the year consist of $890 in investment advice feesand $155 in tax return preparation fees. What is Bob's investment expense deduction?


A) $0.
B) 890.
C) 155.
D) 1,045.
E) None of the choices are correct.

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