Problem $10-40($Algorithmic$)($LO$.2,3,4,5,6,7)$

For calendar year $2023,$ Stuart and Pamela Gibson file a joint return reflecting AGI of $$359,000.$ Their itemized deductions are as follows: Note: All expenses are before any applicable limitations$,$ unless otherwise noted.

Casualty loss in a Federally declared disaster area $($not covered by

insurance; before the $10\%-$of$-$AGI limitation but after the $$100$ floor$)$ $$49,600$

Home mortgage interest $($loan qualifies as acquisition indebtedness$)19,840$

Credit card interest $992$

Property taxes on home $14,880$

Charitable contributions $27,280$

State income tax $17,360$

Tax return preparation fees $1,488$

Round your final answers to the nearest whole dollar.

Calculate the amount of itemized deductions the Gibsons may claim for the year.