6) Jose and Stella are married and filed jointly. Stella is a self employed lawyer and Jose works as a nurse at a nearby hospital. Jose and Stella have incurred the following business expenses in 2020: Stella's business malpractice insurance of $28,000 Stella's supplies for her business totaling $3,000 Jose's business malpractice insurance of $2,500. Jose's nursing uniform totaling $300. Assuming Jose's employer does not reimburse Jose for any of the above expenses, how much can Jose and Stella deduct from their gross income so they can arrive at the adjusted gross income? Please show your work. a) $33,800 b) $3,000 c) $33,500 d) $31,000 e) $5,500

6) Jose and Stella are married and filed jointly. Stella is a self employed lawyer and Jose works as a nurse at a nearby hospital. Jose and Stella have incurred the following business expenses in 2020: Stella's business malpractice insurance of $28,000 Stella's supplies for her business totaling $3,000 Jose's business malpractice insurance of $2,500. Jose's nursing uniform totaling $300. Assuming Jose's employer does not reimburse Jose for any of the above expenses, how much can Jose and Stella deduct from their gross income so they can arrive at the adjusted gross income? Please show your work. a) $33,800 b) $3,000 c) $33,500 d) $31,000 e) $5,500

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter10: Deductions And Losses: Certain Itemized Deductions

Section: Chapter Questions

Problem 22P

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