Billy, single and age 42, has the following items of income and expense for the current tax year. Wages: $60,000 Interest: $1,000 Inheritance: $50,000 Alimony paid: $10,000 Child support paid: $8,000 Federal taxes paid: $5,000 State income taxes paid: $2,000 Medical expenses: $7,500 Tickets from his employer for one basketball game: $100 How much of the medical expenses should he take as an itemized deduction assuming he will take the larger of standard or itemized deduction? A. $0 B. $2,400 C. $5,100 D $7,500