During 2019, Drake incurs the following deductible expenses: $2,000 in state income taxes. $1,100 in local property taxes. $1,400 in medical expenses, and $2,100 in charitable contributions. Drake is 33, single, has no dependents, and has $52,000 AGI for the year. (Click the icon to view the standard deduction schedule and tax information.) Requirement What is the amount of Drake's taxable income? | Begin by calculating the itemized deductions. (Complete all input fields. Enter a "O" if there is no deduction for excess medical expenses.) Medical expenses Minus Excess medical expenses Choose from any list or enter any number in the input fields and then click Check Answer. During 2019, Drake incurs the following deductible expenses: $2,000 in state income taxes, $1,100 in local property taxes, $1,400 in medical expenses, and $2,100 in charitable contributions. Drake is 33, single, has no dependents, and has $52,000 AG! for the year (Click the icon to view the standard deduction schedule and tax information) Requirement What is the amount of Drake's taxable income? expenses.) Medical expenses Minus Excess medical expenses Total itemized deductions Choose from any list or enter any number in the input fields and then click Check Answer. 2 1 part Clear All remaining Check Answer w Schedule of Standard Deductions - X STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses $ 24,400 Heads of households $ 18,350 Unmarried individuals (other than surviving spouses and heads of households) $ 12.200 Married individuals filing separate returns $ 12,200 Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses $1,300 Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse $1,650 Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,100. *These amounts are $2,600 and $3,300, respectively, for a taxpayer who is both aged and blind. Note: At the time the book was printed, the percentage of AGI was 10% for 2019. In Dec. 2019, the rate Print Done 11