During 2022, Mark paid the following amounts:

• Federal income tax withheld- $7,500
• State income tax - $7,000
• Real estate taxes on his home - $800
• State sales taxes - $4,600
• State license fee - $300.

What amount can he deduct as taxes by itemizing his deductions (Schedule A, line 17)? Enter as number.

 

2. Frank is 50 years old and works as an engineer for a private company.  The following items are for 2022.

He had out of pocket medical expenses (not covered by insurance) of $9,000. 

He had $5,500 withheld for state income taxes and $1,500 for local income taxes. 

He paid $6,000 in real estate taxes. 

He had home mortgage interest of $12,000 for a mortgage used to purchase in personal residence. 

He contributed $14,000 to public charity. 

His Adjusted Gross Income was $100,000. 

He will file as Single.

 

What is the total of his itemized deductions?

Answer rating: 100% (QA)

To determine the amount that Mark can deduct as taxes by itemizing his deductions Schedule A line 17 ... View the full answer