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Sam and Diane are completing their federal income taxes for the year and have identified the amounts listed here. How much can they rightfully deduct?
Sam and Diane are completing their federal income taxes for the year and have identified the amounts listed here. How much can they rightfully deduct? (Assume itemized deductions) AGI: $84,500 Medical and dental expenses: $9,450 State income taxes: $3,950 Mortgage interest: $11,300 Qualified charitable contributions: $1,850 Multiple Choice O $57.950 O $26,550 $22,600 O O $17,100 $18,100
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