State If the Following Miscellaneous Expenses Are

question 112

Essay

State if the following miscellaneous expenses are:
(1) subject to the 2 percent of AGI limitation,
(2) not subject to the 2 percent of AGI limitation, or
(3) not deductible.
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a.Black pants worn by a theater manager
b.Investment management fees
c.Gambling losses to the extent of gambling winnings
d.A reader for a blind person used at work
e.A resume service used in finding another sales job for a sales representative
f.Postage to mail personal tax returns

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Definitions:

Electrical Signal

A form of signal that uses electrical currents or voltages to relay information across circuits or systems.

Mechanical Movement

The motion or action of mechanical parts or systems, often driven by motors or manual force.

Output Latch (OTL) Instruction

A command in PLC programming used to maintain an output in an energized state until it is specifically turned off by an output unlatch instruction.

Latch

A latch is a type of digital logic circuit used to store one bit of data, holding its output state until an input signal triggers a change.