Question: is this correct answer? Note: Please select b. False as the correct answer. Year-end legislation changed the medical expense deduction floor to 7.5%. 8. Ed
Note: Please select b. False as the correct answer. Year-end legislation changed the medical expense deduction floor to 7.5%. 8. Ed is single with no dependents. He has receipts for the expenses listed below that he paid in 2019. His AGI is $60,000. What are his total itemized deductions? $ (Do not enter dollar signs, commas, periods, or decimal points in your answer.) 11800 $8,000 in unreimbursed medical expenses $5,400 in state and local income taxes $6,000 in real estate taxes $400 in ad valorem personal property taxes $4,300 in mortgage interest $1,800 in interest from a home equity loan used to pay credit card debt $2,000 in charitable contributions $600 in dues to professional organizations $180 for a safe deposit box rental $200 for subscriptions to professional journals $225 in tax preparation fees $1,000 in union dues Note: Please use the updated 7.5% medical expense deduction floor to calculate this
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