Richard and Lisa Mason are married and file jointly. Their financial records show the following:

Salary from Lisas job (before any deductions) $ 120,000 Richards sole proprietorship income (on Schedule C) 90,000 Dividend income from General Motors stock 5,000 Gift from Lisas parents 30,000 LTCG on sale of stock 20,000 STCL on sale of stock (28,000) LTCL carryforward from last year (12,000) Life insurance proceeds received upon the death of Richards grandmother 50,000 Self-employment tax paid by Richard Calculate this Unreimbursed medical expenses 15,000 Charitable contribution paid to church (all cash) 10,000 Federal estimated tax payments 18,000 Federal tax withheld from Lisas paycheck 24,000 State tax withheld from Lisas paycheck 8,000 Interest paid on home acquisition debt (loan amount is $500,000) 22,000 Interest paid on car loan (loan amount is $40,000) 3,200 Political contribution to gubernatorial candidate 4,000 Tax preparation fees 3,000 Lisas unreimbursed employee business expenses (no meals or entertainment) 8,000

(a) What is Richard and Lisas adjusted gross income (AGI)?

(b) ASSUME that Richard and Lisas AGI is $100,000. What is the total amount of their itemized deductions (after considering all applicable floors) if the year is 2023?