Arnold is employed as an assistant manager in the furniture division of a national chain of department stores. He is a recent college graduate with a degree in marketing. During 2018, he enrolls in the evening MBA program of a local university and incurs the following expenses: tuition, $4,200? books and computer supplies, $800? transportation expense to and from the university, $450? and meals while on campus, $400. Arnold is single and his annual AGI is $64,000. As to these expenses, what is Arnold's deduction for AGI?

Question

Quizplus · Accepted Answer

The Answer of Arnold is employed as an assistant manager in the furniture division of a national chain of department stores. He is a recent college graduate with a degree in marketing. During 2018, he enrolls in the evening MBA program of a local university and incurs the following expenses: tuition, $4,200? books and computer supplies, $800? transportation expense to and from the university, $450? and meals while on campus, $400. Arnold is single and his annual AGI is $64,000. As to these expenses, what is Arnold's deduction for AGI?

Arnold Is Employed as an Assistant Manager in the Furniture