Question

Madison is an instructor of fine arts at a local community college. If she spends $600 (not reimbursed) on art supplies for her classes, $250 of this amount can be claimed as a deduction for AGI.

A) True
B) False

Answer 1

The correct answer is True. An instructor of fine arts can claim $250 of the $600 spent on art supplies as a deduction for AGI.

Step-by-step explanation:

The correct answer is True.

Madison, as an instructor of fine arts, can claim $250 of the $600 she spent on art supplies as a deduction for AGI (Above the Line Deduction). This means that she can deduct this amount directly from her income before calculating her Adjusted Gross Income (AGI). This deduction helps to lower her taxable income, resulting in a smaller tax liability.

It's important to note that only $250 of the $600 is eligible for deduction. The remaining $350 cannot be claimed as a deduction for AGI.