Question: During the current year, Walter, a single taxpayer, had the following items: Salary $105,000 Personal use casualty gain 45,000 Personal use casualty loss (after $100

During the current year, Walter, a single taxpayer, had the following items:

Salary $105,000

Personal use casualty gain 45,000

Personal use casualty loss (after $100 floor) 58,000

Cash contribution to church 25,000

Determine Walters itemize deductions for the current year.

a.

25,000

b.

27,500

c.

68,000

d.

83,000

e.

None of the above

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