Peter is a plumber employed by a major contracting firm. During the current year, he paid the following miscellaneous expenses: If Peter were to itemize his deductions for the current year, what amount could he claim as miscellaneous itemized deductions (before applying the 2 percent of adjusted gross income limitation) ?

Question

Peter is a plumber employed by a major contracting firm. During the current year, he paid the following miscellaneous expenses: If Peter were to itemize his deductions for the current year, what amount could he claim as miscellaneous itemized deductions (before applying the 2 percent of adjusted gross income limitation) ?
Peter is a plumber employed by a major contracting firm. During the current year, he paid the following miscellaneous expenses: If Peter were to itemize his deductions for the current year, what amount could he claim as miscellaneous itemized deductions (before applying the 2 percent of adjusted gross income limitation) ? A) $100 B) $550 C) $1,070 D) $1,150 E) None of the above

Quizplus · Accepted Answer

To calculate the amount of miscellaneous itemized deductions, we add up all the given expenses that qualify as miscellaneous deductions: 
$200 (union dues) + $350 (tools and supplies) + $150 (continuing education) + $450 (travel expenses) = $1,150
Therefore, Peter could claim $1,150 as miscellaneous itemized deductions before applying the 2 percent of adjusted gross income limitation. Option D is the only choice that matches this amount.

Peter Is a Plumber Employed by a Major Contracting Firm