Question: please show all calculations QUESTION 15 1. Cal incurred and paid the following expenses: Tax retum preparation fee $ 700 Moving expenses 2,000 Local income
please show all calculations QUESTION 15 1. Cal incurred and paid the following expenses: Tax retum preparation fee $ 700 Moving expenses 2,000 Local income taxes $1,200 Personal credit card interest 500 Expenses associated with rental property 1,600 Interest expense associated with loan to finance tax-exempt bonds 600 Calculate the amount that Cal can deduct for AGI (before any percentage limitations). PLEASE SHOW ALL CALCULATIONS A. $1,600 B. $3,600 C$6,200. D. $6,800. E. None of the above
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