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Wang,a licensed architect employed by Skye Architects,incurred the following unreimbursed expenses this year: Wang's AGI is $75,000.What is his net deduction for miscellaneous itemized deductions?
Cash Receipts
The total amount of money, including cash, checks, and electronic transfers, received by a business during a given period.
Accounting Records
Documentation and books that maintain a systematic record of financial transactions and positions of a business.
Invoice Price
The amount charged by a seller for goods or services, exclusive of any discounts or allowances.
Journal Entries
The written records of financial transactions in the accounting system, indicating the accounts and amounts debited and credited.
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