In the current year, Mike's AGI is $50,000. Mike has no miscellaneous itemized deductions other than the employment-related expenses listed below. Mike attends a professional trade association convention in Los Angeles. He spends three days at the meeting and two days vacationing before the meeting. Mike was unable to obtain excursion airfare rates (i.e., staying over a Saturday night) despite the fact that he was on vacation immediately before the meeting.
Mike's total expenses include the following:nment of customers (business is discussed) 500Mike's employer reimburses him for the business-related expenses and, accordingly, Mike receives a reimbursement of $1,400 ($450 + 150 +300 + 500)
How much can Mike deduct for employment-related expenses? )
2. How is the reimbursement reported on Mike's tax return?
3. How much of the reimbursement may Mike's employer deduct?