simon lost 5000 betting this year on a trip to


Simon lost $5,000 betting this year on a trip to Las Vegas. In addition, he paid $2,000 to his broker for managing his $200,000 portfolio and $1,500 to his accountant for creating his tax return. In addition, Simon incurred $2,500 in transportation costs commuting back and forth from his house to his employer's office, which were not reimbursed. Analyze the amount of these expenses that Simon is able to deduct, considering he itemizes his deductions, in each of the subsequent situations: (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

a. Simon's AGI is $40,000.

Deductible amount $ 

b. Simon's AGI is $200,000.

Deductible amount $

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Financial Accounting: simon lost 5000 betting this year on a trip to
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