9) Jack, a single individual with a salary of $I00,OOO, incurred and paid the following...
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9) Jack, a single individual with a salary of $I00,OOO, incurred and paid the following expenses during 2019: Medical expenses $ 5,000 Alimony (divorce finalized in 2019) 24,000 Charitable contributions 2,000 Federal disaster casuality loss 3,000 Mortgage interest on personal residence 4,500 Property taxes on personal residence 4,200 Moving expenses 2,500 Contribution to a traditional IRA 3,000 Sales taxes (no state or local income tax is imposed) 1,300
Student loan interest 2,000
A. Calculate Jack's deductions for AGI. B. Calculate The Taxable Income.
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