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Austin, a single individual with a salary of$100,000, incurred and paid the following expenses during 2019: Medical expenses $ 5,000 Alimony (divorce finalized in 2019)
Austin, a single individual with a salary of$100,000, incurred and paid the following expenses during 2019: Medical expenses $ 5,000 Alimony (divorce finalized in 2019) 24,000 Charitable contributions 2,000 Casualty loss (after $100 floor) 1,000 Mortgage interest on personal residence 4,500 Property taxes on personal residence 4,200 Moving expenses 2,500 Contribution to a traditional IRA 3,000 Sales taxes (no state or local income tax is imposed) 1,300 A. Calculate Austin's deductions/or AGI. B. Calculate The Taxable income
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