Problem $10-40($Algorithmic$)($LO$.2,3,4,5,6,7)$

For calendar year $2023,$ Stuart and Pamela Gibson file a joint return reflecting AGI of $$348,600.$ Their itemized deductions are as follows: Note: All expenses are before any applicable limitations$,$ unless otherwise noted.

Casualty loss in a Federally declared disaster area $($not covered by

insurance; before the $10\%-$of$-$AGI limitation but after the $$100$ floor$)$ $$76,000$

Home mortgage interest $($loan qualifies as acquisition indebtedness$)30,400$

Credit card interest $1,520$

Property taxes on home $22,800$

Charitable contributions $41,800$

State income tax $26,600$

Tax return preparation fees $2,280$

Round your final answers to the nearest whole dollar.

Calculate the amount of itemized deductions the Gibsons may claim for the year.

$fill in the blank $1$