subject
Mathematics, 10.11.2020 23:30 10040816

For calendar year 2020, Stuart and Pamela Gibson file a joint return reflecting AGI of $350,000. Their itemized deductions are as follows: Note: All expenses are before any applicable limitations, unless otherwise noted. Casualty loss in a Federally declared disaster area after
$100 floor (not covered by insurance) $48,600
Home mortgage interest (loan qualifies as acquisition indebtedness) 19,000
Credit card interest 800
Property taxes on home 16,300
Charitable contributions 28,700
State income tax 18,000
Tax return preparation fees 1,200

Round your intermediate computations to nearest whole dollar.
Calculate the amount of itemized deductions the Gibsons may claim for the year.


For calendar year 2020, Stuart and Pamela Gibson file a joint return reflecting AGI of $350,000. Th

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 20:00
Sarah took the advertising department from her company on a round trip to meet with a potential client. including sarah a total of 11 people took the trip. she was able to purchase coach tickets for $280 and first class tickets for $1280. she used her total budget for airfare for the trip, which was $6080. how many first class tickets did she buy? how many coach tickets did she buy?
Answers: 1
question
Mathematics, 22.06.2019 01:20
Find the axis of symmerty for x y=x squared -4x-8
Answers: 1
question
Mathematics, 22.06.2019 02:00
Find the axis symmetry of x y=4x-6x+3
Answers: 1
question
Mathematics, 22.06.2019 04:00
Determine if this is a solution to the system
Answers: 1
You know the right answer?
For calendar year 2020, Stuart and Pamela Gibson file a joint return reflecting AGI of $350,000. The...
Questions
question
English, 23.11.2021 03:10
question
Mathematics, 23.11.2021 03:10
question
Mathematics, 23.11.2021 03:10