Rick, a single individual with a salary of $45,000, incurred and paid the following expenses during the

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Rick, a single individual with a salary of $45,000, incurred and paid the following expenses during the year:
Student loan interest: ............ $800
Medical expenses: ............. $5,000
Alimony: ................ $11,000
Mortgage interest on personal residence: ..... $3,000
State income taxes: ............. $4,000
Moving expenses: .............. $1,500
Contribution to a traditional IRA: ....... $2,000
Analyze the above expenses, and determine which ones are deductible for AGI. Please support your position.

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South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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