Question
George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2014. Medical expenses (before 10% floor) $27,000 Interest on
George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2014.
| Medical expenses (before 10% floor) | $27,000 |
| Interest on home mortgage | 15,500 |
| State income tax | 7,500 |
| State sales tax | 4,500 |
| Real estate tax | 8,600 |
| Charitable contribution | 6,500 |
| What is the amount of itemized deductions George may claim? | |
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Leading The Digital Workforce Internal Audit And IT Audit
Authors: Jeffrey W. Brown
1st Edition
1032323736, 978-1032323732
