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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
44.   ![]()
LO.2, 3, 4, 5, 6, 7, 8 For calendar year 2015, Stuart and Pamela Gibson file a  joint
return reflecting AGI of $350,000. Their itemized  deductions
are as follows:
Â
|
Casualty loss after $100 floor (not covered by  insurance) |
$48,600 |
|
Home mortgage interest |
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 |
Calculate the amount of itemized deductions the Gibsons may claim for the year.
Â
Â
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