?Daniel, age $38,$ ?is single and has the following income and expenses in $2023$:

Salary income $$153,000$

Net rent income $13,500$

Dividend income $2,900$

Payment of alimony $($divorce finalized in March $2021)14,000$

Mortgage interest on residence $8,300$

Property tax on residence $3,700$

Contribution to traditional IRA $($assume the amount is fully deductible$)1,800$

Contribution to United Church $1,100$

Loss on the sale of real estate $($held for investment$)700$

Medical expenses $6,000$

State income tax $2,400$

Federal income tax $8,000$

Daniel's standard deduction for $2023$ ?is $$13,850.$

Question Content Area

a$.$ ? Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible".

Payment of alimony $($divorce finalized in March $2021)$ ?

Mortgage interest on residence

Property tax on residence

Contribution to traditional IRA $($assume the amount is fully deductible$)$ ?

Contribution to United Church

Loss on the sale of real estate $($held for investment$)$ ?

Medical expenses

State income tax

Federal income tax

What is Daniel's gross income and his AGI?

Gross income: $fill in the blank $94$ef$84$f$95$fd$4055\_10$

AGI: $fill in the blank $94$ef$84$f$95$fd$4055\_11$

Question Content Area

b$.$ ? Should Daniel itemize his deductions from AGI or take the standard deduction?

Because Daniel's total itemized deductions $($after any limitations$)$ ?are $fill in the blank $9495$bdfc$8$f$9401$f$\_1$

$,$ ?he would benefit from

$.$