6-34 (Algorithmic) (LO. 1) Daniel, age 38, is single and has the following income and expenses in 2022: Salary income Net rent income Dividend income $177,000 3,500 2,300 Payment of alimony (divorce finalized in March 2020) 10,000 Mortgage interest on residence 8,300 Property tax on residence 3,000 Contribution to traditional IRA (assume the amount is fully deductible) 2,700 Contribution to United Church 1,900 Loss on the sale of real estate (held for investment) 2,950 Medical expenses 2,850 State income tax 750 Federal income tax 7,100 Daniel's standard deduction for 2022 is $12,950. What is Daniel's gross income and his AGI? Gross income: 171,350 X AGI: $ 154,550 X Feedback Check My Work b. Should Daniel itemize his deductions from AGI or take the standard deduction? Because Daniel's total itemized deductions (after any limitations) are $ itemizing his deductions. he would benefit from