Question
Anne and Bill are completing their federal income taxes for the year and have identified the amounts listed here. How much can they rightfully deduct?
- AGI: $92,000
- Medical and dental expenses: $12,000
- State income taxes: $6,500
- Mortgage interest: $12,500
- Charitable contributions: $4,000
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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