Daniel, age 38, is single and has the following income and expenses in 2016:

Salary income	$93,000
Net rent income	4,500
Dividend income	1,300
Payment of alimony	8,000
Mortgage interest on residence	8,300
Property tax on residence	2,200
Contribution to traditional IRA (assume the amount is fully deductible)	1,500
Contribution to United Church	2,300
Loss on the sale of real estate (held for investment)	700
Medical expenses	2,850
State income tax	900
Federal income tax	5,900

Daniel's standard deduction for 2016 is $6,300 and his personal exemption is $4,050.

a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible".

Payment of alimony	Deductible for AGI
Mortgage interest on residence	Deductible from AGI
Property tax on residence	Deductible from AGI
Contribution to traditional IRA (assume the amount is fully deductible)	Deductible for AGI
Contribution to United Church	Deductible from AGI
Loss on the sale of real estate (held for investment)	Deductible for AGI
Medical expenses	Deductible from AGI
State income tax	Deductible from AGI
Federal income tax

b. Daniel's gross income is $________ and his AGI income is $._________

c. Calculate Daniel's total itemized deductions (after any limitations). $___________________

2-Stanford owns and operates two dry cleaning businesses. He travels to Boston to discuss acquiring a restaurant. Later in the month, he travels to New York to discuss acquiring a bakery. Stanford does not acquire the restaurant but does purchase the bakery on November 1, 2016.

Stanford incurred the following expenses:

Total investigation costs related to the restaurant	$38,750
Total investigation costs related to the bakery	51,400

If required, round any division to two decimal places and use in subsequent computation. Round your final answer to the nearest dollar.

What is the maximum amount Stanford can deduct in 2016 for investigation expenses? _____________________________________