Question: Question:Problem 10-43 (a) (LO. 2, 3, 4, 5, 6, 7, 8) Stacey, age 35, files as head of household with two dependents. She has AGI

Question:Problem 10-43 (a) (LO. 2, 3, 4, 5, 6, 7, 8)

Stacey, age 35, files as head of household with two dependents. She has AGI of $123,000 for 2016. She incurred the following expenses and losses during the year:

Medical expenses before the 10%-of-AGI limitation$12,500

State and local income taxes7,200

State sales tax1,400

Real estate taxes2,800

Home mortgage interest5,900

Credit card interest1,100

Charitable contribution2,400

Casualty loss before 10% limitation (after $100 floor)8,300

Unreimbursed employee expenses subject to the 2%-of-AGI limitation5,500

Stacey's total itemized deductions before any phaseout are $______________.

Stacey's total itemized deduction is $__________________.

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