Answer: 250 hope i helpped
Since she won some money in local casino, and during the interview she reported that she had gambling losses of $700.20, The gambling losses is regarded as income, Therefore total income = $700.20
Adjustment or above the line deduction are
Educator expenses $550
Amount she cashed and use to pay for living expenses 401(k)
To find the total amount of adjustment, we subtract the above the line deduction from income
401 + 550 = 951
Therefore. 951 - 700.20
= 250.8
The amount for deduction to the nearest dollar is $250
Explanation:
