Ed is single with no dependents. He has receipts for the expenses listed below that he paid in 2019. His AGI is $60,000. What are his total itemized deductions for 2019?• $8,000 in unreimbursed medical expenses • $5,400 in state and local income taxes • $6,000 in real estate taxes • $400 in ad valorem personal property taxes • $4,300 in mortgage interest • $1,800 in interest from a home equity loan used to pay credit card debt • $2,000 in charitable contributions • $600 in dues to professional organizations • $180 for a safe deposit box rental • $200 for subscriptions to professional journals • $225 in tax preparation fees • $1,000 in union dues A. $16,300 B. $18,300 C. $20,100 D. $21,105
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ed is single with no dependents. He has receipts for the expenses listed below that he paid in 2019. His AGI is $60,000. What are his total ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Buffalo Corporation purchased warehouse shelving for $96,000, terms 1/10, n/30. At the purchase date, Buffalo intended to take the discount. Therefore, it made no entry until it paid for the acquisition. The entry was:
Answers (1)
Qual é uma das vantagens em estabelecer um programa de treinamento em uma empresa: a) melhoria da qualidade e quantidade da produção b) possibilidades de resultados econômicos a curto prazo c) incentivo à qualificação das equipes d) todos os itens
Answers (1)
Most people already know that Tums, a popular antacid, contains calcium. Today, ads for Tums stress both the fact that it can be used as a calcium supplement and the health benefits of calcium.
Answers (1)
Louise McIntyre's monthly gross income is $3,600. Her employer withholds $760 in federal, state, and local income taxes and $310 in Social Security taxes per month. Louise contributes $160 each month for her IRA.
Answers (1)
The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense, reports the following selected amounts:Accounts receivable $ 437,000 DebitAllowance for Doubtful Accounts 1,270
Answers (1)
New Questions in Business
A Hummer is rated at 13 miles per gallon of gas and gas currently costs approximately $2.85 per gallon. If you drive from Orlando, Florida to San Francisco, CA (2,890 miles), how much money will you spend on gas? Assume it is a one-way trip.
Answers (1)
If a cooperating broker accepts the offer of subagency from a listing broker, to whom does the cooperating broker owe fiduciary duties?
Answers (1)
A group of dairy farmers is trying to raise milk prices by 10%. If the price elasticity of demand for milk is 0.
Answers (1)
Avido Inc. is expected to pay a $2.00 dividend at year end (D1 = $2.00), the dividend is expected to grow at a constant rate of 4.50% a year, and the common stock currently sells for $47.00 a share. The before-tax cost of debt is 6.
Answers (1)
Subsidizing medical services through medicare a. makes medical services available to a large percentage of the? population, who otherwise could not afford them. b.
Answers (1)