Jacob Norton is a commission salesperson. Jacob is required to pay his own expenses and does not receive an allowance from his employer. During the year his gross salary was $82,000 and he received $12,200 in commissions. He incurred and paid the following expenses earning the income: Description Advertising Client entertainment Amount $8,000 13,200 15,200 Travel Costs
Jacob Norton is a commission salesperson. Jacob is required to pay his own expenses and does not receive an allowance from his employer. During the year his gross salary was $82,000 and he received $12,200 in commissions. He incurred and paid the following expenses earning the income: Description Advertising Client entertainment Amount $8,000 13,200 15,200 Travel Costs
Chapter15: Taxing Business Income
Section: Chapter Questions
Problem 33P
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Transcribed Image Text:Jacob Norton is a commission salesperson. Jacob is required to pay his own
expenses and does not receive an allowance from his employer. During the year his
gross salary was $82,000 and he received $12,200 in commissions. He incurred and
paid the following expenses earning the income:
Description
Advertising
Client entertainment
Travel Costs
Amount
$8,000
13,200
15,200
What is Jack's maximum employment expense deduction under section 8 for 2020?
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