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Charles is employed as a full-time high school teacher. The school district for which he works recently instituted a policy requiring all of its teachers to start working on a master's degree. Pursuant to this new rule, Charles spent most of the summer of the current year taking graduate courses at an out-of-town university. His expenses are as follows:

Tuition ($6.200)
Books and course materials (1,200)
Lodging (1,400)
Meals (2,100)
Laundry and dry cleaning (180)
Campus parking (200)

In addition, Charles drove his personal automobile 1,800 miles in connection with the education. He uses the automatic mileage method.

a. How much, if any, of these expenses might qualify as a deduction for AGI?

b. How much, if any, of these expenses might qualify as a deduction from AGI?

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Accounting Basics, Accounting

Category:- Accounting Basics
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