Question
Evan is single and has AGI of $277,300 in 2018. His potential itemized deductions before any limitations for the year total $52,300 and consist of
Evan is single and has AGI of $277,300 in 2018. His potential itemized deductions before any limitations for the year total $52,300 and consist of the following:
| Medical expenses (before the AGI limitation) | $28,000 |
| Interest on home mortgage | 8,700 |
| State income taxes | 9,500 |
| Real estate taxes | 3,600 |
| Charitable contributions | 2,500 |
After all necessary adjustments are made, what is the amount of itemized deductions Evan may claim?
Evan's total itemized deduction is $______.
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Cost Accounting A Managerial Emphasis International
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
11th Edition
8120323548, 978-8120323544
