This year, Major Healy paid $38,000 of interest on a mortgage on his home (he borrowed $760,000 to buy the residence in 2015 ; $860,000 original purchase price and value at purchase), $5,750 of interest on a $115,000 home equity loan on his home (loan proceeds were used to buy antique cars). and $10,500 of interest on a mortgage on his vacation home (borrowed $210,000 to purchase the home in 2010; home purchased for $525,000 ). Major Healy's AGI is $220,000. How much interest expense can Major. Healy deduct as an itemized deduction? Required information [The following information applies to the questions displayed below.] Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In 2022, Rocco had the following income and expenses. You moy assume that Rocco will owe $2.586 in self-employment tax on his salon income, with $1,293 representing the employer portion of the self-employment tax. You may also assume that his divorce from Svetlana was finalized in 2016. a. Determine Rocco's AGI. Note: Amounts to be deducted should be indicated by a minus sign. a. Determine Rocco's AGI. Note: Amounts to be deducted should be indicated by a minus sign