Alicia Is a Single Taxpayer with AGI of $350,000 and Itemized

question 97

Multiple Choice

Alicia is a single taxpayer with AGI of $350,000 and itemized deductions of $100,000 which are made up of $30,000 of mortgage interest,$30,000 of state income taxes and property taxes,and $40,000 of contributions to her temple.What is the amount of itemized deductions that Alicia may deduct on her 2013 income tax return after the phase-out for high-income taxpayers?

• A)$100,000
• B)$97,000
• C)$70,000
• D)$3,000