B Evan is single and has AGI of $277,300 in 2023. His potential itemized deductions before anylimitations for the year total $52,300 and consist of the following:Medical expenses (before the 7.5%-of-AGI limitation)Interest on home mortgageState income taxesReal estate taxesCharitable contributionsAfter all necessary adjustments are made, what is the amount of itemized deductions Evan mayclaim? Do not round intermediate calculations. Round medical deduction and final answer tothe nearest dollar.Evan's total itemized deduction is $$31,0008,7009,5003,6002,500

Itemized deduction are subtractions from a taxpayer’s adjusted gross income (AGI) that reduce the…

Answered: Evan is single and has AGI of $277,300…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Evan is single and has AGI of $277,300 in 2023. His potential itemized deductions before limitations for the year total $52,300 and consist of the following: