Premium on life insurance (Note 11) –0– Contribution to Coverdell (Note 12) –0– (10,795) Itemized deductions subject to the 2%-of-AGI limitation: Office in the home (Note 13) $ 6,750 Business use of auto (Note 14) 7,733 Employee expense—trip to Japan (Note 15) 4,535 Other employee expenses (Note 16) 10,880 Tax return preparation fee 400 Less: limitation ($101,400 × 2%) (2,028) (28,270) Personal and dependency exemptions (Note 17) (11,700) Taxable income ($ 50,635) Tax liability…
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