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Linda, who files as a single taxpayer, has AGI of $80,000 in 2020. She incurred...

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Accounting

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Linda, who files as a single taxpayer, has AGI of $80,000 in 2020. She incurred the following expenses during the year: State and local income taxes State sales tax Real estate taxes Home mortgage interest Car loan interest Personal property (ca) tax Charitable contributions Medical expenses before 7.5% foor) Unreimbursed employee business expenses 2.800 1,200 3.800 8,000 600 400 1,000 6,600 2,600 Calculate Linda's allowable itemized deductions. QUESTION 14 Richard, age 50, is employed as an actuary, For calendar year 2020, he had AGI of $130,000 and paid the following medical expenses Medical insurance premium 58,300 Doctor and dentist bills 3,900 Eye exams and cyglasses 2,100 Prescribed medicines 830 Over the counter medicines 960 What is Richard's maximum allowable medical expense deduction for 2020 assuming he itemizes his deductions

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