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Tasneem, a single taxpayer has paid the following amounts in 2017: State income taxes $10,000 Property taxes on home 4,000 Mortgage interest on home 12,000
Tasneem, a single taxpayer has paid the following amounts in 2017:
State income taxes
$10,000
Property taxes on home
4,000
Mortgage interest on home
12,000
Charitable contributions
14,000
Tasneem's AGI is $363,500. What is her net itemized deduction allowed?
A.
$40,000
B.
$38,800
C.
$32,730
D.
$36,940
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