• 
  

  Expense Categories	Amount (USD)
  Mortgage Interest Expense	$40,000
  Charitable Contributions	$35,000
  Medical Expenses	$20,000
  State and Local Taxes	$17,000
  _____________________________
  Total Deductions	$112,000

  Requirements:

  1. Analyze the potential deductions for an individual taxpayer, including mortgage interest expense, charitable contributions, medical expenses, and state and local taxes.
  2. Calculate the total deductions amount.
  3. Present all amounts in USD.
  4. Highlight the key expense categories.