Required information [The following information applies to the questions displayed below.] Clem is married and...
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Accounting
Required information [The following information applies to the questions displayed below.] Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part time as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances: Note: Leave no answer blank. Enter zero if applicable. Clem and Wanda own a garage downtown that they rent to a local business for storage. This year they incurred expenses of $1,640 7 utilities and $805 in depreciation
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