Filing status Basic standard Deduction Additional standard Deduction* Social Securtiy Base Amount
Married joint $11,400 $1,100 $32,000/$44,000
Single $5,700 $1,400 $25,000/$34,000
Head of house hold $8,400 $1,400 $25,000/$34,000
*Specail reuls if calimed on someone ele's tax reterun
**blind taxpayer, taxpayer 65 or older.
self employment taxes are assessed at 15.3% of net* self employment income below $106,800 and at 2.9% on the excess.*net=92.35% of the amount reported on sch C. Note that the $106,800 amount is reduced by wages paid. Salary does not reduce the 2.9% tax.
The question:
Andy an emplyee, traveled to Washington, DC to attend a week-long tax update. He paid all of the expenses listed below and was reimbursed only for the cost of the course itself by his employer.
Round-trip airfare $750
Lodging 475
meals 650
cost of course 1,200
$3,075
_________Andy's AGI is $45,000 and he has no other employee business expenses. What is the amount that he would report on line 10 of form 2106 relating to these expenses?