Janice, age 22, is a student who, in 2017, earns $10,000 working part-time at the college ice cream shop. She has no other income. Her medical expenses for the year total $3,000. During the year, she suffers a casualty loss of $3,500 when her apartment catches on fire. Janice contributes $2,500 to her church. On the advice of her parents, Janice is trying to decide whether to contribute $1,000 to the traditional IRA her parents set up for her. Complete the chart to show the effect the IRA contribution would have on Janice's itemized deductions. With IRA Contribution Without IRA Contribution Gross income Contribution to IRA AGI Itemized deductions: (1,000) 0 Charitable contribution Medical expenses Casualty loss Total itemized deductions The $1,000 IRA contribution would Janice's itemized deductions by Janice, age 22, is a student who, in 2017, earns $10,000 working part-time at the college ice cream shop. She has no other income. Her medical expenses for the year total $3,000. During the year, she suffers a casualty loss of $3,500 when her apartment catches on fire. Janice contributes $2,500 to her church. On the advice of her parents, Janice is trying to decide whether to contribute $1,000 to the traditional IRA her parents set up for her. Complete the chart to show the effect the IRA contribution would have on Janice's itemized deductions. With IRA Contribution Without IRA Contribution Gross income Contribution to IRA AGI Itemized deductions: (1,000) 0 Charitable contribution Medical expenses Casualty loss Total itemized deductions The $1,000 IRA contribution would Janice's itemized deductions by