Problem 6-34 (Algorithmic) (LO. 1)

Daniel, age 38, is single and has the following income and expenses in 2017:

Salary income	$81,000
Net rent income	20,500
Dividend income	2,900
Payment of alimony	18,000
Mortgage interest on residence	3,100
Property tax on residence	3,400
Contribution to traditional IRA (assume the amount is fully deductible)	1,500
Contribution to United Church	2,100
Loss on the sale of real estate (held for investment)	700
Medical expenses	4,950
State income tax	1,500
Federal income tax	8,000

Daniel's standard deduction for 2017 is $6,350 and his personal exemption is $4,050.

b. Daniel's gross income is $

and his AGI income is $

c. Calculate Daniel's total itemized deductions (after any limitations). $