Christine is a full-time fourth-grade teacher at Vireo Academy. During the current year, she spends $1,400 for classroom supplies. On the submission of adequate substantiation, Vireo reimburses her for $500 of these expenses-the maximum reimbursement allowed for supplies under school policy. [The reimbursement is not shown as income (Box 1) of Form W-2 given to Christine by Vireo.] a. What are the income tax consequences of the $1,400, if Christine chooses to itemize her deductions from AGI? She can claim the educator's deduction in the amount of an employee business expense which is AGI and IS b. What are the income tax consequences of the $1,400, if Christine claims the standard deduction? She can claim the educator's deduction in the amount of AGI.
Christine is a full-time fourth-grade teacher at Vireo Academy. During the current year, she spends $1,400 for classroom supplies. On the submission of adequate substantiation, Vireo reimburses her for $500 of these expenses-the maximum reimbursement allowed for supplies under school policy. [The reimbursement is not shown as income (Box 1) of Form W-2 given to Christine by Vireo.] a. What are the income tax consequences of the $1,400, if Christine chooses to itemize her deductions from AGI? She can claim the educator's deduction in the amount of an employee business expense which is AGI and IS b. What are the income tax consequences of the $1,400, if Christine claims the standard deduction? She can claim the educator's deduction in the amount of AGI.
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 35P
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Question
![Christine is a full-time fourth-grade teacher at Vireo Academy. During the current year, she spends $1,400 for classroom supplies. On the
submission of adequate substantiation, Vireo reimburses her for $500 of these expenses-the maximum reimbursement allowed for
supplies under school policy. [The reimbursement is not shown as income (Box 1) of Form W-2 given to Christine by Vireo.]
a. What are the income tax consequences of the $1,400, if Christine chooses to itemize her deductions from AGI?
She can claim the educator's deduction in the amount of
an employee business expense which is
AGI and
IS
b. What are the income tax consequences of the $1,400, if Christine claims the standard deduction?
She can claim the educator's deduction in the amount of
AGI.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b96cf0d-7cc7-4cda-885f-3f882ddc9cf3%2F505f3cc1-a972-47bb-bf70-897e5f345138%2F222p0ae_processed.png&w=3840&q=75)
Transcribed Image Text:Christine is a full-time fourth-grade teacher at Vireo Academy. During the current year, she spends $1,400 for classroom supplies. On the
submission of adequate substantiation, Vireo reimburses her for $500 of these expenses-the maximum reimbursement allowed for
supplies under school policy. [The reimbursement is not shown as income (Box 1) of Form W-2 given to Christine by Vireo.]
a. What are the income tax consequences of the $1,400, if Christine chooses to itemize her deductions from AGI?
She can claim the educator's deduction in the amount of
an employee business expense which is
AGI and
IS
b. What are the income tax consequences of the $1,400, if Christine claims the standard deduction?
She can claim the educator's deduction in the amount of
AGI.
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