Would education expenses incurred by a selfemployed individual be allowed in for the
following expenses?
Cost of a CPA review course $
Accounting continuing education
expenses including travel, conference fees, and meals of $
Law school tuition and books
Total $
Mike, a selfemployed consultant, incurs the following
businessrelated expenses in :
Actual automobile expenses $
Moving expenses
Entertainment expenses
Travel expenses including $ of business meals
Professional dues and subscriptions
Total $
Mike earned $ of gross income from his consulting business and had $ of
interest and dividend income in before any of the above expenses are deducted. He
has $ of itemized deductions. Mike is married and files a joint return with his wife,
Ann, who has no income.
a What is the amount of Mikes deduction for businessrelated expenses for
b What is Mike and Anns AGI and taxable income in assuming he is married and
files a joint return, and ignoring the selfemployment tax?
