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Joline works as a sales manager for the Washington Manufacturing Company.Although the company has an accountable reimbursement plan,as a cost containment measure the company will only reimburse its sales personnel for 80% of their business expenses.During the year,Joline incurred the following business expenses:
If Joline's adjusted gross income is $62,000,what amount can Joline deduct as a miscellaneous itemized deduction?
Market Order
A type of order to buy or sell a security immediately at the best available current price.
Initial Margin
Initial margin refers to the percentage of the purchase price of securities (e.g., stocks or futures) that an investor must pay for with their own funds when using a margin account.
Limit-Buy Order
An order to purchase a security at or below a specified price, ensuring the buyer pays no more than the predetermined price.
Limit-Sell Order
A type of stock market order where a seller sets the minimum price they are willing to accept for a security, and the trade only executes if the market price meets or exceeds that price.
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