Abby is single and age 25. She has AGI of $110,000 and incurs the following expenditures in

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Abby is single and age 25. She has AGI of $110,000 and incurs the following expenditures in 2022:

Medical expenses: $9,000

Interest on home mortgage (mortgage was $300,000): $11,000

State income tax: $8,000

State sales tax: $7,500

Real estate tax: $9,500

Charitable contributions: $1,000

What is the amount of itemized deductions Abby may claim?

Related Book For answer-question

South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

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

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Posted Date: Apr 23, 2024 05:46 AM

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Abby is single and age 25. She has AGI of $110,000 and incurs the following expenditures in

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South Western Federal Taxation 2017 Comprehensive

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