Arnold and Beth file a joint return in 2019.Use the following data to calculate their deduction for AGI. $$\begin{array} { l r }
\text { Mortgage interest on personal residence } & \$ 6,000 \
\text { Property taxes on personal residence } & 2,500 \
\text { Alimony payments (divorce finalized in 2014) } & 12,000 \
\text { Moving expenses } & 7,000 \
\text { Charitable contributions } & 1,500 \
\text { State income taxes } & 5,000 \
\text { Investment interest (\$8,000 of expenses limited to net investment income of } \$ 7,500 ) & 7,500 \
\text { Unreimbursed employee expenses } & 2,500 \
\text { Sales taxes } & 2,600
\end{array}$$

Question

Arnold and Beth file a joint return in 2019.Use the following data to calculate their deduction for AGI. $$\begin{array} { l r } 
\text { Mortgage interest on personal residence } & \$ 6,000 \
\text { Property taxes on personal residence } & 2,500 \
\text { Alimony payments (divorce finalized in 2014) } & 12,000 \
\text { Moving expenses } & 7,000 \
\text { Charitable contributions } & 1,500 \
\text { State income taxes } & 5,000 \
\text { Investment interest (\$8,000 of expenses limited to net investment income of } \$ 7,500 ) & 7,500 \
\text { Unreimbursed employee expenses } & 2,500 \
\text { Sales taxes } & 2,600
\end{array}$$

Quizplus · Accepted Answer

The Answer of Arnold and Beth file a joint return in 2019.Use the following data to calculate their deduction for AGI. $$\begin{array} { l r } 
\text { Mortgage interest on personal residence } & \$ 6,000 \
\text { Property taxes on personal residence } & 2,500 \
\text { Alimony payments (divorce finalized in 2014) } & 12,000 \
\text { Moving expenses } & 7,000 \
\text { Charitable contributions } & 1,500 \
\text { State income taxes } & 5,000 \
\text { Investment interest (\$8,000 of expenses limited to net investment income of } \$ 7,500 ) & 7,500 \
\text { Unreimbursed employee expenses } & 2,500 \
\text { Sales taxes } & 2,600
\end{array}$$

Arnold and Beth File a Joint Return in 2019