Accounting Case – Taxes
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For the past two years, Minsu, a Korean American, has worked as a high school physical education teacher. He is also a body-builder and a part-time graduate student in educational technology at State University. In preparing for a masters thesis he has decided to participate in Arnold’s World Body-building training program and analyzing advanced technology used to help students absorb physical education. Arnold’s training program has a regular faculty, curriculum, an enrolled body of students, and advanced technology in its gym equipment.
Minsu earned $4,000 during the fall 20X5 as a body-builder by coming in second in the state contest. Minsu paid $3,000 in spring 20X5 for his masters’ degree tuition at State Universityfor one class on advanced computer technology and another $5,000 to participate at Arnold’s. How much can Minsu deduct? Minsu knows about relevant educational tax credits and want you to focus just on the deductions.
Please write 250 words with 2 references in APA format, thanks
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