Accounting Help Needed

SoccerBoss
Category:
Accounting
Price: $20 USD

Question description

For calendar year 2015, 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 after $100 floor (not covered by insurance)$48,600Home mortgage interest19,000Credit card interest800Property taxes on home16,300Charitable contributions28,700State income tax18,000Tax return preparation fees1,200Round your intermediate computations to nearest whole dollar.The Gibson's total itemized deductions before any phaseout are $.The Gibson's total itemized deduction is $.

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
PREMIUM TUTOR
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1825 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors