11111111 V Problem 6-34 (Algorithmic) (LO. 1) Daniel, age 38, is single and has the following...

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11111111 V Problem 6-34 (Algorithmic) (LO. 1) Daniel, age 38, is single and has the following income and expenses in 2023: Salary income $117,000 Net rent income 12,500 Dividend income 2,100 Payment of alimony (divorce finalized in March 2021) 10,000 Mortgage interest on residence 8,300 Property tax on residence 2,100 Contribution to traditional IRA (assume the amount is fully deductible) 2,400 Contribution to United Church 1,300 Loss on the sale of real estate (held for investment) 1,575 Medical expenses 4,600 State income tax Federal income tax Daniel's standard deduction for 2023 is $13,850. a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible". 2,400 8,000 Payment of alimony (divorce finalized in March 2021) Not deductible Mortgage interest on residence Deductible from AGI Property tax on residence Deductible from AGI Contribution to traditional IRA (assume the Deductible for AGI amount is fully deductible) Contribution to United Church Loss on the sale of real estate (held for investment) Madinal ovenner Deductible from AGI Deductible for AGI Deductible from ACT 11111111 V Problem 6-34 (Algorithmic) (LO. 1) Daniel, age 38, is single and has the following income and expenses in 2023: Salary income $117,000 Net rent income 12,500 Dividend income 2,100 Payment of alimony (divorce finalized in March 2021) 10,000 Mortgage interest on residence 8,300 Property tax on residence 2,100 Contribution to traditional IRA (assume the amount is fully deductible) 2,400 Contribution to United Church 1,300 Loss on the sale of real estate (held for investment) 1,575 Medical expenses 4,600 State income tax Federal income tax Daniel's standard deduction for 2023 is $13,850. a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible". 2,400 8,000 Payment of alimony (divorce finalized in March 2021) Not deductible Mortgage interest on residence Deductible from AGI Property tax on residence Deductible from AGI Contribution to traditional IRA (assume the Deductible for AGI amount is fully deductible) Contribution to United Church Loss on the sale of real estate (held for investment) Madinal ovenner Deductible from AGI Deductible for AGI Deductible from ACT