George Is Single and Age 56, Has AGI of $265,000

question 88

Essay

George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2019. $\begin{array}{lr}\text { Medical expenses (before 10\%-of-AGI floor) } & \$ 35,000 \\\text { Interest on home mortgage } & 15,500 \\\text { State income tax } & 7,500 \\\text { State sales tax } & 4,500 \\\text { Real estate tax } & 8,600 \\\text { Charitable contribution } & 6,500\end{array}$ What is the amount of itemized deductions George may claim?

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Definitions:

Openness

The quality of being receptive to new ideas, experiences, and information, or the state of being open and transparent.

Status

The relative social, professional, or other standing of an entity, often in comparison to others within a given context.

Interpersonal Distance

refers to the physical and psychological space between individuals in social or professional settings.

Intimacy

A close, familiar, and affectionate personal relationship with another person or group.