Examlex

Solved

Tyrone,who Is Single and Under Age 65,had the Following Income

question 48

Multiple Choice

Tyrone,who is single and under age 65,had the following income in 2016: • $59,800 in wages
• $200 in interest
• $10,000 in gambling winnings
• $5,000 in short-term capital gains.
Tyrone filed a Schedule A,Itemized Deductions,for 2016.While preparing that schedule,Tyrone,who had no above-the-line deductions,listed the following below-the-line deduction items he had incurred during the year:
• $2,500 in medical expenses
• $8,000 of mortgage interest paid
• $2,000 in real estate taxes
• $1,600 in state taxes
• $12,000 in gambling losses
• $3,400 in unreimbursed employee business expenses.
What is the total amount of Schedule A itemized deductions that Tyrone can report in 2016?


Definitions:

Intractable Conflicts

Disputes that are stubbornly resistant to resolution or compromise.

Dimensions

Different aspects, elements, or features that characterize a situation or concept.

Role Reversal

A technique in conflict resolution or negotiation where parties swap positions to understand the other's perspective better.

Imaging Techniques

Methods used to create visual representations of the interior of a body for clinical analysis and medical intervention.

Related Questions