Charles,a corporate executive,incurred business related,unreimbursed expenses in 2013 as follows: $$\begin{array} { l l }
\text { Entertainment } & \$ 900 \
\text { Transportation } & \$ 700 \
\text { Education } & \$ 400
\end{array}$$ Assuming that Charles itemizes his deductions,how much of these expenses should he deduct on his 2013 Schedule A,before considering the 2 percent of adjusted gross income limitation?

Question

Charles,a corporate executive,incurred business related,unreimbursed expenses in 2013 as follows: $$\begin{array} { l l } 
\text { Entertainment } & \$ 900 \
\text { Transportation } & \$ 700 \
\text { Education } & \$ 400
\end{array}$$ Assuming that Charles itemizes his deductions,how much of these expenses should he deduct on his 2013 Schedule A,before considering the 2 percent of adjusted gross income limitation?

Quizplus · Accepted Answer

Entertainment expenses are only 50% deductible, so $900 becomes $450. Transportation and education expenses are fully deductible, so $700 + $400 = $1,100. Total deductible expenses are $450 + $1,100 = $1,550.