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Mark is a single taxpayer and works as a migrant fisherman. He has an Adjusted Gross Income of $100,000. Mark has the following personal expenses:

Mark is a single taxpayer and works as a migrant fisherman. He has an Adjusted Gross Income of $100,000. Mark has the following personal expenses:

  • Medical expenses: $10,500
  • State taxes paid: $6,000
  • Property taxes paid: $7,000
  • Home mortgage interest: $5,500
  • Charitable Contributions: $1,000

What is the maximum amount Mark can deduct after AGI limitations?

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None, he is only eligible for the $12,550 standard deduction.

$19,500.

$27,000.

$30,000.

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