George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2014.
$\begin{array}{lr}
\text { Medical expenses (before } 10 \% \text { floor) } & \$ 27,000 \
\text { Interest on home mortgage } & 15,500 \
\text { State income tax } & 7,500 \
\text { State sales tax } & 4,500 \
\text { Real estate tax } & 8,600 \
\text { Charitable contribution } & 6,500
\end{array}$
What is the amount of itemized deductions George may claim?

Question

George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2014.
 $\begin{array}{lr}
\text { Medical expenses (before } 10 \% \text { floor) } & \$ 27,000 \
\text { Interest on home mortgage } & 15,500 \
\text { State income tax } & 7,500 \
\text { State sales tax } & 4,500 \
\text { Real estate tax } & 8,600 \
\text { Charitable contribution } & 6,500
\end{array}$ 
What is the amount of itemized deductions George may claim?

Quizplus · Accepted Answer

The Answer of George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2014.
 $\begin{array}{lr}
\text { Medical expenses (before } 10 \% \text { floor) } & \$ 27,000 \
\text { Interest on home mortgage } & 15,500 \
\text { State income tax } & 7,500 \
\text { State sales tax } & 4,500 \
\text { Real estate tax } & 8,600 \
\text { Charitable contribution } & 6,500
\end{array}$ 
What is the amount of itemized deductions George may claim?

George Is Single and Age 56, Has AGI of $265,000