George is single and age 56, has AGI of 265,000, and incurs the following expenditures in 2019( not 2020) Medical expenses ( before 10%-of-AGI floor) $35000 Interest on home mortgage $15500 state income tax $7500 State Sales tax $4500 Real estate tax $8600 Charitable contribution $6500 what is the amount of itemized deductions geroge may claim?
George is single and age 56, has AGI of 265,000, and incurs the following expenditures in 2019( not 2020) Medical expenses ( before 10%-of-AGI floor) $35000 Interest on home mortgage $15500 state income tax $7500 State Sales tax $4500 Real estate tax $8600 Charitable contribution $6500 what is the amount of itemized deductions geroge may claim?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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George is single and age 56, has AGI of 265,000, and incurs the following expenditures in 2019( not 2020)
Medical expenses ( before 10%-of-AGI floor) $35000
Interest on home mortgage $15500
state income tax $7500
State Sales tax $4500
Real estate tax $8600
Charitable contribution $6500
what is the amount of itemized deductions geroge may claim?
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