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Problem $10-40($Algorithmic$)($LO$.2,3,4,5,6,7)$

For calendar year $2023,$ Stuart and Pamela Gibson file a joint return reflecting AGI of $$359,000.$ Their itemized deductions are as follows: Note: All expenses are before any applicable limitations$,$ unless otherwise noted.

$\backslash$table$[[$Casualty loss in a Federally declared disaster area $($not covered by$,],[$insurance; before the $10\%-$of$-$AGI limitation but after the $$100$ floor$),$$$68,800$