Question
Halal has the following for 2019: $103,000 salary, $5,000 dividend income, $4,000 interest income on the city of San Antonio bonds, a gain of $11,000
Halal has the following for 2019: $103,000 salary, $5,000 dividend income, $4,000 interest income on the city of San Antonio bonds, a gain of $11,000 on a stock sale, $3,500 traditional IRA contribution, and a $3,000 operating loss on a small sole proprietorship that he owns.
What is Halas AGI
Shireen, age 58 and single, has no dependents and an AGI of $50,000 and these expenses: unreimbursed medical expenses of $1,200,charitable contribution of $5,000, real estate taxes of $3,500, and residence mortgage interest of $7,000.
For 2019, Shireens deductions from AGI is?
A. | $12,200. | |
B. | $15,500. | |
C. | $19,700. | |
D. | $16,700. | |
E. | some other amount. |
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