(Answered) Sam has had the following transactions during the

Finance

Sam has had the following transactions during the year:

Gambling losses $3,000

New suit for work $500

Tax Preparation Fees $1,000

Investment mgmt fee $2,200

Sam's AGI of $110,000 is broken down as follows:

Earned income $92,000

Gambling winnings $2,000

What is the total value of Sam's miscellaneous itemized deductions?

a. $2,000

b. $5,200

c. $4,000

d. $5,700

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