Toby,a Single Taxpayer with No Dependents,is an Employee of a Large

question 142

Multiple Choice

Toby,a single taxpayer with no dependents,is an employee of a large consulting firm.During the year he incurs the following business expenses that are not reimbursed by his employer: ​
Toby's AGI is $100,000 and is in the 28% marginal tax rate.In addition to the expenditures described above,his only other qualified itemized deductions are home mortgage interest of $6,000 and property taxes of $2,000.What is the after-tax cost to Toby of his unreimbursed employee business expenses?

• A)$- 0 -
• B)$5,600
• C)$6,088
• D)$6,508
• E)$7,600

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Definitions:

Arteries

Blood vessels that carry oxygenated blood away from the heart to the body's tissues.

Aortic Arch

The curved portion of the aorta, the major artery coming from the heart, from which the main arteries of the head, neck, and upper limbs arise.

Brachiocephalic Trunk

A major artery in the upper body that supplies blood to the right arm, head, and neck.

Left Subclavian Artery

A major artery that supplies blood to the left arm, neck, and head, originating from the aortic arch.