McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver

Exercise 28

Baker paid $775 for the preparation of his tax return and incurred $375 of employee business expenses of which $60 was reimbursed by his employer through an accountable plan.Baker also paid a $100 fee for investment advice.Calculate the amount of these expenses that Baker is able to deduct assuming he itemizes his deductions in each of the following situations:
a.Baker's AGI is $50,000.
b.Baker's AGI is $100,000.