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George has the following expense that he wants to include as itemized deductions for the year. His adjusted gross income (AGI) is $37,500 (show all

George has the following expense that he wants to include as itemized deductions for the year. His adjusted gross income (AGI) is $37,500 (show all work.).

Medical expenses $3,200

Home Mortgage interest $10,000

Credit card interest $550

Penalty on early withdrawal of savings $75

Charitable contributions $1,000

Real Estate taxes $1,400

Capital loss $350

Job related expenses $900

Tax credit $100

What is the total itemized deductions he can take? If George%u2019s standard deduction is $10,500 and his exemption is $3500, what is his taxable income.

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