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Dan and Cheryl are married, file a joint return, and have no children. Dan, age 45, is a pharmaceutical salesman and Cheryl, age 42, is a nurse at a...
Total $6,350
Dan was reimbursed for the travel expenses by his employer, pursuant to an accountable plan, in the amount of $5,080
Please answer the following Data?
1. Recognized capital gain or loss
2. Schedule A medical expenses after all limitations applied
3. Schedule A taxes (excluding home office, if any)
4. Total office-in-home expenses before any AGI limitation
5. Home-in-office depreciation included in total office-in-home expenses before any AGI limitation
6. Travel expenses included in employee business expenses before any AGI limitation
7. Automobile expenses, parking, and tolls included in employee business expenses before any AGI limitation
8. Schedule A charitable contribution
9. AGI
10. Taxable income
11. Tax on qualified dividends
12. Total federal income tax liability