Problemdoug incurred and paid the following expenses during, Ask an Expert

Accounting

Problem:

Doug incurred and paid the following expenses during the year :

$50 for a ticket for running a red light while he was commuting to work
$100 for a ticket for parking in a handicapped parking space
$200 to an attorney to represent him in traffic court as to the two tickets
$500 to an attorney to draft an agreement with a tenant for a one year lease on an apartment that Doug owns
$1000 to an attorney to negotiate a reduction in his child support payments
$2500 to an attorney to negotiate a reduction in his qualified alimony payments to a former spouse

Required:

Question: Calculate the amount of Doug's deductible expenses

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164855

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