Peggy is a rodeo clown, and this year she expended $1,000 on special "funny" clothes and outfits. peggy would like to deduct the cost of these clothes as work-related because she refuses to wear the clothes unless she is working. under what circumstances can peggy deduct the cost of her clown clothes?

Tax payers can deduct the cost of uniforms or special clothing they use in their company if the clothing is not suitable to wear outside the place of business as ordinary clothing.

The clown clothing in Peggy's case is analogous to special uniforms or protective clothing and could be deductible.

the cost of clothing would not likely be deductible if the clothes were unacceptable solely because of the taxpayer's sense of fashion.

Explanation:Taxpayers may deduct the cost of uniforms or special clothing they use in their business when the clothing is not appropriate to wear as ordinary clothing outside the place of business. In Peggy's case, the clown clothes are analogous to special uniforms or protective garments and could be deductible.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself