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What is the AGI, itemizied deductions, and taxable income when gross income is $36800? Problem 6-34 (b) (LO. 1) Dlego, age 56, a school teacher,

What is the AGI, itemizied deductions, and taxable income when gross income is $36800? image text in transcribed
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Problem 6-34 (b) (LO. 1) Dlego, age 56, a school teacher, Is married and has decided to file married, filing separately. His wife plans to itemize her deductions. He has the following income and expenses in 2020: Salary income $31,000 Gain on sale of investments 5,000 Cash prize 750 Jury fees 50 Credit card interest 345 800 10,614 1,800 Property tax on personal sailboat Medical expenses Interest pald on his student loans Teacher supplies for his second grade elementary class State income tax Federal income tax 500 2,100 $6,400 a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible". Credit card interest Not deductible Property tax on personal sailboat Deductible from AGI Medical expenses Deductible from AGI Teacher supplies for his seco grade elementary class Deductible for AGI Deductible from AGI State income tax Earlineamet Notarihla eBook 800 Property tax on personal sailboat Medical expenses Interest paid on his student loans Teacher supplies for his second grade elementary dass 10,614 1,800 500 State income tax 2,100 Federal income tax $6,400 a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not dedu Not deductible Deductible from AGI Deductible from AGI Credit card interest Property tax on personal sailboat Medical expenses Teacher supplies for his second grade elementary class State income tax Federal income tax Deductible for AGI Deductible from AGI Not deductible The standard deduction for married filing separate is $12,400. If required, round any computation to the nearest dollar. b. Diego's gross income is $ 36,800 + and his AGI is $ C. Compute the amount of his total itemized deductions (after any limitations): $ d. Compute his taxable income. Check My Work 1 more Check My Work uses remaining

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