George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2016.

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Medical expenses (before 10%-of-AGI floor) 27,000

Interest on home mortgage 15,000

State income tax 7,500

State sales tax 4,500

Real estate tax 8,600

Charitable contribution 6,500

What is the amount of itemized deductions George may claim?

Related Book For answer-question

Federal Taxation 2017 Comprehensive

ISBN: 9780134421438

30th edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Posted Date: Oct 10, 2018 02:45 AM

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George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2016.

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As per Schedule A to Form 1040 the workings for the itemiz... View the full answer

Federal Taxation 2017 Comprehensive

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