Identify the amount and type fornbspagi ornbspfromnbspagi


Federal Tax Question

Tammy teaches elementary school history for the Metro School District. In 2015 she has incurred the following expenses associated with her job

   

  Noncredit correspondence course on history

$900

  Teaching cases for classroom use

1,800

  Tuition for university graduate course in physics

1,200

  Transportation between school and home

750

  Photocopying class materials

100

  Transportation from school to extracurricular activities

110

  Cost of lunches eaten during study halls

540

 

Tammy receives a base salary of $45,000 and she receives a $200 salary supplement to help her cover expenses associated with her school extracurricular activities.

A)Identify the amount and type (for AGI or from AGI) of deductible expenses (assume the 2014 rules apply for purposes of the qualified education expense deduction and the educator expense deduction).

B)Calculate Tammy's AGI and taxable income for 2015 assuming she files single with one personal exemption (assume the 2014 rules apply for purposes of the qualified education expense deduction and the educator expense deduction) and assume she has no other itemized deductions.

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: Identify the amount and type fornbspagi ornbspfromnbspagi
Reference No:- TGS01227925

Expected delivery within 24 Hours