Pastor Malachi received $55,000 in ministerial earnings: $38,500 salary for ministerial services, $2,750 for performing weddings, and $13,750 excluded parsonage allowance. He incurred $7,000 of unreimbursed expenses connected with his ministerial earnings: $5,500 related to his ministerial salary and $1,500 related to the weddings performed as self-employed. What is Pastor Malachi's deductible amount of unreimbursed expenses? O $600 $1,125 $1,179

Pastor Malachi received $55,000 in ministerial earnings: $38,500 salary for ministerial services, $2,750 for performing weddings, and $13,750 excluded parsonage allowance. He incurred $7,000 of unreimbursed expenses connected with his ministerial earnings: $5,500 related to his ministerial salary and $1,500 related to the weddings performed as self-employed. What is Pastor Malachi's deductible amount of unreimbursed expenses? O $600 $1,125 $1,179

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 30P

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