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Problem 9-40 (LO. 5) Christine is a full-time teacher of the fourth grade at Vireo...

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Accounting

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Problem 9-40 (LO. 5) 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.] a. What are the income tax consequence of the $1,400, if Christine chooses to itemize her deductions from AGI? She can claim the educator's deduction in the amount of $0 X for AGI and $0 X is an employee business expense which is nondeductible Feedback Check My Work b. What are the income tax consequences of the $1,400, if Christine claims the standard deduction? She can claim the educator's deduction in the amount of $0 X for AGI

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