1. Jerry is single, age 60, and had adjusted gross income of $120,000 in 2020. His deductible expenses were as follows:

Alimony(divorce finalized in 2017)	$20,000
Student lona interest paid	2,000
Contribution to a traditional IRA	5,500
State income taxes paid	4,500
Interest on home mortgage	5,200
Real estate taxes paid	6,000
Property tax (Car)	400

What is Jerry's total allowable itemized deductions in 2020?

2.Mr. Smith's wife died on November 1, 2018. Mr. Smith has not remarried and maintains a home for one dependent child.

Mr. Smith's filing status in 2020 is single. True or False

3. During 2020, Jimmy, who is single with no dependents had the following transactions:

Salary	$60,000
Interest income on IBM bonds	2,000
Interest paid on student loans	1,000
Contribution to traditional IRA	2,500
Itemized deductions	10,500

Jimmy's taxable income is: