Mara, age 32, earns $60,000 working in 2021. She has no other income. Her medical expenses for the year total $6,000. During the year, she suffers a casualty loss of $9,500 when her apartment is damaged by flood waters (part of a Federally declared disaster area). Mara contributes $6,000 to her church and pays $4,000 of state income taxes. On the advice of her friend, Mara is trying to decide whether to contribute $5,000 to a traditional IRA. Complete the table to show the effect the IRA contribution would have on Mara's itemized deductions. With IRA Contribution Without IRA Contribution Gross income Contribution to IRA (5,000) 0 AGI Itemized deductions: Charitable contribution $ State income taxes $ dll $ Medical expenses $ Casualty loss $ $ Total itemized deductions $ The $5,000 IRA contribution would Mara's itemized deductions by $ As a result, the $5,000 IRA contribution reduces her taxable income by $