10. Austin, a single individual (not in the military) with a salary of $100,000, incurred and paid the following expenses during 2019 (and no others): Medical expenses Alimony (divorce finalized in 2019) Charitable contributions $5,000 24,000 2,000 Mortgage interest on personal residence Property taxes on personal residence Moving expenses Contribution to a traditional IRA state income tax 4,500 4.200 2,500 7,000 1,300 Calculate Austin's deductions for AGI. The tax relief law (for Covid) passed by Congress last month created the Paycheck Protection Program. The programs provides loans to small businesses. However, provided the small business spends the loan amounts on certain items, such as payroll and rent, the loan does not need to be paid back. The law also states that the forgiven debt will not be included in gross income. BRIEFLY state whether you think the expenses (payroll and rent) that the taxpayer/recipient uses the funds received to pay are/should be deductible and why. (Briefly is two sentences. Feel free to use bullet points)