Steven Is a Representative for a Textbook Publishing Company

question 135

Multiple Choice

Steven is a representative for a textbook publishing company.Steven attends a convention which will also be attended by many potential customers.During the week of the convention,Steven incurs the following costs in entertaining potential customers. Having recently been to a company seminar on the new tax laws,Steven makes sure that business is discussed at the various dinners,and that the entertainment is on the same day as the meetings with customers.Steven is reimbursed $2,000 by his employer under an accountable plan.Steven's AGI for the year is $50,000,and while he itemizes deductions,he has no other miscellaneous itemized deductions.What is the amount and character of Steven's deduction after any limitations?

• A)$500 from AGI
• B)$500 for AGI
• C)$2,000 from AGI
• D)$2,000 for AGI

---

Definitions:

Validity

The extent to which a test measures or predicts what it is supposed to.

Memory Problems

Difficulties in recalling past events, learning new information, or retaining data, which can vary from mild forgetfulness to severe impairment.

Brilliant Mathematician

An exceptionally talented individual in the field of mathematics, known for their deep understanding and innovative contributions.

Memory Construction

The process by which the brain actively organizes and shapes information during encoding, storage, and retrieval of memories.