Abimael, a single individual with a salary of $100,000, had additional income as follows: he was in a car accident and received compensatory damages for his broken nose in the amount of 25,000. Abimael also incurred and paid the following expenses during 2016: Identify each expense as a deduction for AGI, from AGI or not deductible. Using the tax formula, beginning with Income Broadly Conceived, provide a detailed calculation of Abimael's 2016 taxable income. Your answer MUST follow the tax formula! I am also looking for your calculation to compare the standard deduction amount to the total itemized deductions. During the year, Martin rented his vacation home for three months and spent one month there. Gross rental income from the property was $5,000. Martin incurred the following expenses: mortgage interest, $3,000; real estate taxes, $1, 500; utilities, $800; maintenance, $500; and depreciation, $4,000. Identify the type of property and indicate why (state the rule and apply the facts to the rule). Compute Martin's allowable deductions for the vacation home using the IRS's approach. What schedule does Martin report rental income and expenses? Are any personal expenses deductible? If so, how are these expenses classified (for AGI, from AGI), What schedule do they appear on? How much is deductible