Problem:
Rita a single employee with AGI of $80,000 before consideration of the items below, incurred the following expenses during the year.
- Unreimbursed employee transportation expenses for business trip $3,000
- Unreimbursed registration fees for business conference 700
- Unreimbursed employee business-related meals and entertainment 700
- Unreimbursed Country club dues (used 60 percent for business) 850
- Fully reimbursed dues and professional fees 300
- Local meals eaten alone during regular business hours after visiting clients 400
- Qualified moving expenses 1,000
- Tax return preparation fee 200
- Safe deposit box rental for Stock certificates 50
Required:
Question: What is Ritas NET miscellaneous itemized deduction for the year (AFTER limitations)?
Note: Explain all calculation and formulas.