Colin (Age 40) Is Single, Itemizes His Deductions, and Has

question 70

Multiple Choice

Colin (age 40) is single, itemizes his deductions, and has AGI of $100,000.Colin provided the following information about his cash expenditures for 2019: Interest on American Express card 1,200
Points to refinance his home for 10 years at the end of December 2,600
Mortgage interest payments on $250,000 principal amount 11,800
Real estate taxes 2,100
State income taxes withheld on salary 5,400
Additional state income tax estimated payment 1,200
Contribution to Republican Party 2,000
Contribution to United Way 500
If Colin itemizes, what are his total itemized deductions in 2019:

• A)$18,100
• B)$21,000
• C)$24,200
• D)$27,000

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Definitions:

Nonverbally

Communicating without the use of spoken language, often through gestures, facial expressions, and body language.

Open Communication

A form of exchanging information where parties involve share thoughts, ideas, and feelings freely and honestly.

Dialogue

A conversation between two or more people, used as a means of communication and understanding differing viewpoints.

Nonverbal Communication

The process of transferring information through body language, facial expressions, gestures, and tone of voice rather than spoken words.