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Daniel, age 3 8 , is single and has the following income and expenses in 2 0 2 2 : Salary income $ 1 3
Daniel, age is single and has the following income and expenses in :
Salary income $
Net rent income
Dividend income
Payment of alimony divorce finalized in March
Mortgage interest on residence
Property tax on residence
Contribution to traditional IRA assume the amount is fully deductible
Contribution to United Church
Loss on the sale of real estate held for investment
Medical expenses
State income tax
Federal income tax
Daniel's standard deduction for is $What is Daniel's gross income and his AGI?
Gross income: $fill in the blank fabfbfeffcc
AGI: $fill in the blank fabfbfeffcc
Question Content Area
b Should Daniel itemize his deductions from AGI or take the standard deduction?
Because Daniel's total itemized deductions after any limitations are $fill in the blank fffcfbb
he would benefit from
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