question 7 of 10\narchie is itemizing deductions on his federal income tax return and had $1700 in non…

question 7 of 10\narchie is itemizing deductions on his federal income tax return and had $1700 in non - reimbursed work expenses last year. if his agi was $48,000, and if non - reimbursed work expenses are deductible to the extent that they exceed 2% of a taxpayers agi, how much can archie deduct for non - reimbursed work expenses?\n\na. $34\nb. $1666\nc. $740\nd. $960

question 7 of 10\narchie is itemizing deductions on his federal income tax return and had $1700 in non - reimbursed work expenses last year. if his agi was $48,000, and if non - reimbursed work expenses are deductible to the extent that they exceed 2% of a taxpayers agi, how much can archie deduct for non - reimbursed work expenses?\n\na. $34\nb. $1666\nc. $740\nd. $960

Answer

Explanation:

Step1: Calculate 2% of AGI

$48000\times 0.02 = 960$

Step2: Find deductible amount

$1700 - 960=740$

Answer:

C. $740$