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Tyrone, who is single and under age 65, had the following income in 2016: $59,800 in wages $200 in interest $10,000 in gambling winnings $5,000

Tyrone, who is single and under age 65, had the following income in 2016:

  • $59,800 in wages
  • $200 in interest
  • $10,000 in gambling winnings
  • $5,000 in short-term capital gains.

Tyrone filed a Schedule A, Itemized Deductions, for 2016. While preparing that schedule, Tyrone, who had no above-the-line deductions, listed the following below-the-line deduction items he had incurred during the year:

  • $2,500 in medical expenses
  • $8,000 of mortgage interest paid
  • $2,000 in real estate taxes
  • $1,600 in state taxes
  • $12,000 in gambling losses
  • $3,400 in unreimbursed employee business expenses.

What is the total amount of Schedule A itemized deductions that Tyrone can report in 2016?

$27,500. $23,500. $25,000. $20,100.

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