Question: Ian, a single individual, had the below items in 2020. The standard deduction for a single individual in 2020 is $12,400. Calculate Ian's AGI and

Ian, a single individual, had the below items in 2020. The standard deduction for a single individual in 2020 is $12,400. Calculate Ian's AGI and his Taxable Income.

Wages $104,000
Medical expenses $10,000
Charitable contribution to the University of Minnesota 1,200
Real estate tax on Minnesota residence 3,800
Minnesota income tax withheld during 2020 7,900
Contribution to Health Savings Account 2,500
Real estate tax on a vacation home 1,300
State sales tax 2,300
Student Loan interest 1,500
Contribution to Roth IRA 3,000

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