5. Dave and Jennifer Smith are married and file a joint return. They purchased their primary residence in January 2018, and had a mortgage outstanding of $800,000. In 2018 they paid $26,000 in total mortgage interest on their mortgage of which $24,375 was due to $750,000 of their mortgage debt, $13,450 in property tax, and made $12,000 in cash charitable contributions. The Smith's AGI for the year was $275,000 and they paid S17,814 in state income tax. What is the couple's itemized deductions for 2018? A. $48,000 B. $58,000 C. $24,000 D. $46,375 E. None of the above