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Please answer the following seven questions. Chee, single, age 4 0 , had the following income and expenses during 2 0 2 3 : Income

Please answer the following seven questions.
Chee, single, age 40, had the following income and expenses during 2023:
Income
Salary
$43,000
Rental of vacation home (rented 60 days, used personally 60 days, vacant 245 days)
4,000
Municipal bond interest
2,000
Dividend from General Electric
400
Expenses
Interest on home mortgage
8,400
Interest on vacation home
4,758
Interest on loan used to buy municipal bonds
3,100
Property tax on home
2,200
Property tax on vacation home
1,098
State income tax
3,300
Charitable contributions
1,100
Tax return preparation fee
300
Utilities and maintenance on vacation home
2,600
Depreciation on rental portion of vacation home
3,500
What amount of interest and property tax on vacation home is allocated to rental use? (Use the court's approach and round to the nearest dollars)
What amount of utilities and maintenance on vacation home is allocated to rental use?
What amount of depreciation on vacation home is allocated to rental use? (Round to the nearest dollars)
Find the net rental income from vacation home.
Compute the AGI.
Compute the amount of Chee's itemized deductions. (Round to the nearest dollars)
Find the taxable income. (Round to the nearest dollars)
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