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Larry Johnson single has the following income and deduction in 2010. Using the tax rate schedules rather than the tax tables, compute Larrys tax liability

Larry Johnson single has the following income and deduction in 2010. Using the tax rate schedules rather than the tax tables, compute Larrys tax liability for 2010. Assume dividends are taxed as ordinary income. Salary 54000 Interest income 1200 Dividends 800 Medical Expense 4800 Property tax on personal residence 3600 Interest on home mortgage 7600 State & local income tax 2400 State and local sales tax 2000 Invest interest expense 3000 Quailified higher education exp 2000 In addition Larrys car (15000 value cost 2000) was stolen during the year, and the insurance reimbursement was only 7000. He also had 2000 of travel expenses related to his job not reimbursed

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