Problem: Audry, age 38 and single, earned a salary of $59,000. She had interest income of $1,600 and had a $2,000 long-term capital loss from the sale of a stock investment.
Audry incurred the following employment-related expenses during the year:
Transportation $55,800
Meals $2,800
Lodging $4,200
Entertaining clients $2,200
Professional dues and subscriptions $300
Under and accountable plan, Audry receives reimbursements of $4,500 from her employer. Calculate her AGI and itemized employee business expenses.