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Scenario 8 : Archie Hamilton Archie Hamilton is 4 5 years old and single. Archie had wage income of $ 5 5 , 0 0

Scenario 8: Archie Hamilton Archie Hamilton is 45 years old and single. Archie had wage income of $55,000. He also had gambling winnings of $1,000. He is not sure if he should itemize or take the standard deduction. Archie paid the following: o $5,200 qualifying home mortgage interest o $9,507 in real estate (property) taxes o $5,040 for state income taxes withheld in 2021 o Unreimbursed doctor and dentist bills in the amount of $7,000 o Unreimbursed prescription drugs for $14 o Vitamins for $120 o A statement received from his church showing donations made throughout the year totaling $1,200 o Receipts for donations of furniture and clothing in good, used condition to Goodwill. The total estimated fair market value is $100. o Tax preparation fee of $315 for his 2019 tax return. o $50 paid in 2020 on his 2019 balance due on his state income tax return o $45 investment expense o $250 in gambling losses 16. Archie can claim total deductible medical expenses that exceed 7.5% of his adjusted gross income. a. True b. False 17. What is the total amount of state income and real estate taxes deductible on Archies Form 1040, Schedule A? a. $14,597 b. $14,547 c. $10,000 d. $9,50718.Which of the following is Archie able to claim as a deduction on his Form 1040, Schedule A? a. Investment expense b. Tax preparation fee c. Gambling losses d. None of the above

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