Nina includes the following expenses in her miscellaneous itemized deductions before application of the 2% of AGI floor: $$\begin{array} { | l | r | }
\hline \text { Annual investment management fee } & \$ 3,700 \
\hline \text { Subscription to investment journals } & 300 \
\hline \text { Tax return preparation fee } & 1,500 \
\hline
\end{array}$$ Nina's AGI is $100,000. How much of the above-noted expenses will reduce her net investment income?
A) $4,000
B) $5,500
C) $3,000
D) $3,500

Question

Nina includes the following expenses in her miscellaneous itemized deductions before application of the 2% of AGI floor: $$\begin{array} { | l | r | } 
\hline \text { Annual investment management fee } & \$ 3,700 \
\hline \text { Subscription to investment journals } & 300 \
\hline \text { Tax return preparation fee } & 1,500 \
\hline
\end{array}$$ Nina's AGI is $100,000. How much of the above-noted expenses will reduce her net investment income?
A) $4,000
B) $5,500
C) $3,000
D) $3,500

Quizplus · Accepted Answer

The Answer of Nina includes the following expenses in her miscellaneous itemized deductions before application of the 2% of AGI floor: $$\begin{array} { | l | r | } 
\hline \text { Annual investment management fee } & \$ 3,700 \
\hline \text { Subscription to investment journals } & 300 \
\hline \text { Tax return preparation fee } & 1,500 \
\hline
\end{array}$$ Nina's AGI is $100,000. How much of the above-noted expenses will reduce her net investment income?
A) $4,000
B) $5,500
C) $3,000
D) $3,500

Nina Includes the Following Expenses in Her Miscellaneous Itemized Deductions