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  3. 5. ellie, a cpa, incurred the following educationa

5. Ellie, a CPA, incurred the following educational costs: Travel and transportation $1,700 Tuition 6,000...

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Accounting

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5. Ellie, a CPA, incurred the following educational costs: Travel and transportation $1,700 Tuition 6,000 Books 800 Ellie is single and has AGI for the year of $60,000. A) Assume Ellie is self-employed and the expenses maintain her skills, how much can she deduct as a business expense: B) Assume Ellie is not self-employed, calculate the amount of the lifetime learning tax credit available (if any)

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