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Please prepare a written response to following case problem. Your response is due before July 8th at 11:59PM. Amanda has gross income of $85,000. Amanda

Please prepare a written response to following case problem. Your response is due before July 8th at 11:59PM.

Amanda has gross income of $85,000. Amanda has the following expenses:

  • Qualifying student loan interest of $3,000.
  • Mortgage interest of $5,000
  • State taxes of $4,000
  • Qualifying medical expenses of $7,000

Please determine Amanda's taxable income. Be sure to explain your calculations in detail.

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