Answer: $1,695
Explanation:
GIVEN THE FOLLOWING ;
miscellaneous itemized deduction for the year;
Home office expenses = $1,200
Union dues and work uniforms = $350
Unreimbursed employee expenses = $415
Gambling losses to the extent of gambling winnings = $890.
Value of miscellaneous itemized deduction is :
Miscellaneous itemized deduction = [(Home office expenses + Union dues and work uniforms + Unreimbursed employee expenses) – 2 % of Adjusted Gross Income + Gambling losses to the extent of gamble winnings]
[($1,200 + $350 + $415) - (0.02 × 58,000) + $890]
[$1,965 - $1160 + $890]
$1,695