In the Current Year, Bo Accepted Employment with a Kansas

question 17

Essay

In the current year, Bo accepted employment with a Kansas City law firm after graduating from law school.Her expenses for the year are listed below: $\begin{array}{lr}\text { Cost of bar review course } & \$ 1,500 \\\text { Qualified moving expenses } & 2,100 \\\text { Job hunting expenses } & 1,800 \\\text { Subscriptions to legal journals } & 450 \\\text { Membership dues in bar associations } & 620 \\\text { State bar dues } & 300\end{array}$ ​
Since Bo worked just part of the year, her salary was only $32,100.In terms of deductions from AGI, how much does Bo have?

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Definitions:

Price Level

An index that measures the average of prices for goods and services in an economy over a period of time.

Aggregate Expenditure Line

A graphical representation of the total planned spending in an economy at various levels of national income.

Price Level

A measure that reflects the average prices of goods and services in an economy at a specific point in time.

Marginal Propensity

The tendency of an individual or household to spend an additional dollar of income on consuming goods and services.