Rachel Is Single and Has a College Degree in Finance

question 107

Multiple Choice

Rachel is single and has a college degree in finance. She is employed as a loan officer at a bank; her yearly AGI approximates $50,000. During the year, she enrolled in a weekend MBA program and incurred the following nonreimbursed expenses: $4,100 (tuition) , $300 (books) , $200 (other school supplies) , and $200 (transportation to and from campus) . Disregarding the 2%-of-AGI limitation, as to the MBA program, Rachel has a:

• A)Deduction for and deduction from AGI of $0.
• B)Deduction for AGI of $4,000 and deduction from AGI of $800.
• C)Deduction for AGI of $4,000 and deduction from AGI of $700.
• D)Deduction for AGI of $4,100 and deduction from AGI of $700.
• E)None of these.

---

Definitions:

Relationship Management

The strategy and practices for managing, fostering, and improving the relationships an organization has with its clients, customers, or stakeholders.

Human Resource Manager

A professional responsible for overseeing the implementation of HR strategies, practices, and operations within an organization.

Trust

The confidence in the honesty, integrity, reliability, and fairness of a person or organization, foundational to relationships and cooperation.

Global and Cultural Effectiveness

The capability of an organization to operate and adapt to the cultural contexts of different societies and the globalized market.