David, a calendar year married taxpayer, files a joint return for 2017. Information for the year includes the following:

AGI (including wagering gains) $371,800

State income taxes 15,000

Charitable contributions 16,000

Wagering losses (wagering gains were $22,000) 20,000

David's allowable itemized deductions for the year are:

	a.	$51,000
	b.	$29,260
	c.	$49,260
	d.	$31,000
	e.	None of the above.