Jose Has the Following Expenses That He Wants to Include

question 139

Essay

Jose has the following expenses that he wants to include as itemized deductions for the year.His adjusted gross income is $60,000.What is the total itemized deduction he can take? (Show all work.)
$$\begin{array} { l r } \text { Medical expenses } & \$ 4,500 \\\text { Home mortgage interest } & 8,000 \\\text { Credit card interest } & 450 \\\text { Charitable contributions } & 1,500 \\\text { State property taxes } & 2,400 \\\text { Job-related expenses } & 1,900\end{array}$$

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Definitions:

Legal Fees

Charges for the advice and services provided by lawyers, solicitors, or other legal professionals.

Public Support

The backing or endorsement from the general public or specific societal groups for an idea, policy, or entity.

Management Rights

The legal and implied rights of employers to make decisions regarding the operation of their businesses, including hiring, work assignments, and organizational policies.

Yellow Dog Contracts

Employment agreements where the worker agrees not to join a labor union as a condition of employment, mainly historical and now illegal in the US.