Charishma,a CPA,paid the Following Expenses in Pursuing Her Profession: -Professional

question 81

Multiple Choice

Charishma,a CPA,paid the following expenses in pursuing her profession: -Professional society dues -$450
-Tax and accounting journals -$250
How much of these expenses can be deducted if she is an employee of an accounting firm,and how much is deductible is she is a self-employed CPA? Ignore any potential limitations based on AGI.

• A)Employee -$0; Self-employed -$0
• B)Employee -$700; Self-employed -$700
• C)Employee -$0; Self-employed -$700
• D)Employee -$700; Self-employed -$0

---

Definitions:

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939 in response to the Great Depression.

Agricultural Adjustment Act

A United States federal law passed in 1933 as part of the New Deal, aimed at boosting agricultural production while reducing surpluses, by offering farmers subsidies not to plant on part of their land.

Rural America

Areas of the United States located outside cities and towns, characterized by small communities and agricultural-based economies.

AAA

The Agricultural Adjustment Act of 1933, a United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses.