Question
George is single and age 56, has AGI of$ 265,000, and incurs the following expenditures In 2019 (not 2020). Medical expenses (before 10%-of-AGI floor) $35,000
George is single and age 56, has AGI of$ 265,000, and incurs the following expenditures In 2019 (not 2020).
| Medical expenses (before 10%-of-AGI floor) | $35,000 |
| Interest on home mortgage | 15,500 |
| State income tax | 7,500 |
| State sales tax | 4,500j |
| Real estate tax | 8,600 |
| Charitable contribution | 6,500 |
| What is the amount of itemized deductions George may claim? |
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Cost Accounting A Decision Emphasis
Authors: Germain B. Boer, William L. Ferrara, Debra C. Jeter
4th Edition
0873939123, 978-0873939126
