Peter Is a Plumber Employed by a Major Contracting Firm

question 11

Multiple Choice

Peter is a plumber employed by a major contracting firm. During 2014, he paid the following miscellaneous expenses: If Peter were to itemize his deductions for 2014, what amount could he claim as miscellaneous itemized deductions (before applying the 2 percent of adjusted gross income limitation) ?

• A)$100
• B)$550
• C)$1,070
• D)$1,150
• E)None of the above

---

Definitions:

Short-sighted

lacking foresight or perspective; making decisions based on immediate rather than long-term outcomes.

Synergy

The interaction or cooperation of two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects.

Organizational

Pertaining to the structure and functioning of an organization, including its systems, processes, and dynamics.

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively.