22. Al is single, age 60, and has gross income of $ 140,000. His deductible expenses are as follows: Alimony (divorce finalized in 2017) Charitable contributions Contribution to a traditional IRA Expenses paid on rental property Interest on home mortgage and property taxes on personal residence State income tax What is Al's AGI? a. $94,100. b. $ 103,000. c. $ 107,000. d. $ 127,000. e. None of these. 23. Marsha is single, had gross income of $ 50,000, incurred the following expenses: Charitable contribution Taxes and interest on home Legal fees incurred in a tax dispute Medical expenses Penalty on early withdrawal of savings Her AGI is: a. $ 39,750. b. $ 49,750. c. $ 40,000. d. $ 37,750. e. None of these. 24. Which of the following can be claimed as a deduction for AGI? a. Personal casualty losses. b. Investment interest expenses. c. Medical expenses. d. Property taxes on personal use real estate. e. None of these. $20,000 4,000 5,500 7,500 7,200 2,200 $ 2,000 7,000 1,000 3,000 250