Safina,a single taxpayer with adjusted gross income of $100,000,works as an engineer for the Wabash Corporation.The corporation reimburses all its employees 80% of tuition,fees and books for courses taken at the local university.Safina incurs $8,000 of expenses and can deduct the remaining 20% of the education expense
I.Only if the course improves her skills as an engineer.
II.Is not a deduction for adjusted gross income.

Question

Safina,a single taxpayer with adjusted gross income of $100,000,works as an engineer for the Wabash Corporation.The corporation reimburses all its employees 80% of tuition,fees and books for courses taken at the local university.Safina incurs $8,000 of expenses and can deduct the remaining 20% of the education expense
I.Only if the course improves her skills as an engineer.
II.Is not a deduction for adjusted gross income.
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Quizplus · Accepted Answer

Safina can only deduct the remaining 20% of the education expense if the course improves her skills as an engineer, and it is not a deduction for adjusted gross income but rather a miscellaneous itemized deduction.

Safina,a Single Taxpayer with Adjusted Gross Income of $100,000,works as an Engineer