Problem 2: Deductions for Personal Activities Robert and Chris Jones are married and report AGI of $200,000 in 2022. They also provided the following information about their expenditures throughout the year: Expenditures Surgical Procedure to repair leg injury 15,000 Doctor Visits 5,000 Elective cosmetic surgery 3,000 State Income Taxes 5,000 Property Taxes on Principal residence 1,000 Property Taxes on Vacation Home 2,000 Utilities for vacation home 20,000 Local Sales tax per IRS table 500 Mortgage Interest 30,000 Investment Interest 500 Cash Contributions to qualified charitable organizations 130,000 OTHER INFORMATION 1. The total Mortgage interest paid can be allocated as follows: i) $20,000 from the mortgage used to purchase their principal residence in 2015. The average mortgage balance for 2022 was $900,000, ii) $10,000 for a mortgage to purchase their vacation home in 2017. The average mortgage balance for 2022 was $100,000. 2. The vacation home was rented for 30 days during the year and generated total income of $10,000. It was used personally for 120 days. The taxpayer uses the IRS method for any allocations. 3. They had total investment income during the year of $2,000. All of it represented ordinary dividends from Alphabet, Inc. Required: What are the total allowable itemized deductions for 2022