Daniel, age $38,$ is single and has the following income and expenses in $2024$:

Daniel's standard deduction for $2024$ is $\backslash (\backslash$$ $14,600\backslash ).$

a$.$ In order to calculate Daniel's AGI, 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 $\backslash ($ A G I $\backslash )?$

Gross income: $\backslash (\backslash$$ $\backslash )$

AGI: $\backslash (\backslash$leftrightarrows $\backslash )$

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

Because Daniel's total itemized deductions $($after any limitations$)$ are $\backslash (\backslash$leq $\backslash ),$ he would benefit from