ACCT 324 help A Guide to career/Snaptutorial ACCT 324 help A Guide to career/Snaptutorial | Page 21

Chapter 9: Problem #47
Christine is a full-time teacher of the fourth grade at Vireo Academy.
During the current year, she spends $1,400 for classroom supplies. On
the submission of adequate substantiation, Vireo reimburses her for
$500 of these expenses—the maximum reimbursement allowed for
supplies under school policy. [The reimbursement is not shown as
income (Box 1) of Form W-2 given to Christine by Vireo.] What are
the income tax consequences of the $1,400 if Christine:
Chapter 10: Problem #26
Paul, age 62, suffers from emphysema and severe allergies and, upon
the recommendation of his physician, has a dust elimination system
installed in his personal residence. In connection with the system,
Paul incurs and pays the following amounts during 2013:
Doctor and hospital bills $ 2,500
Dust elimination system 10,000
Increase in utility bills due to the system 450
Cost of certified appraisal 300