Rita,a single employee with AGI of $100,000 before consideration of the items below,incurred the following expenses during the year,all of which were unreimbursed unless otherwise indicated:
In addition,Rita paid $300 for dues to her professional business association.The company reimbursed her after she submitted the appropriate documentation.What is Rita's net miscellaneous itemized deduction for the year after application of all relevant limitations?
Definitions:
Market Structures
The organizational and other characteristics of a market, including the level of competition, product differentiation, and the ease of entry and exit, which determine the nature of pricing and output decisions.
Purely Competitive Firm
A company operating in a market with many sellers offering identical products, where no single seller can influence the market price.
Downward-sloping
A description of a line or curve on a graph that represents a decrease in one variable in response to an increase in another variable, commonly used to describe demand curves in economics.
Demand Curve
A visual chart demonstrating the link between an item's price and the amount consumers are willing to buy at those prices.
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