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Arnold and Beth File a Joint Return

Question 87

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Arnold and Beth file a joint return.Use the following data to calculate their deduction for AGI.
Mortgage interest on personal residence $6,000Property taxes on personal residence 2,500Alimony payments 12,000 Moving expenses7,000Charitable contributions 1,500 State income taxes5,000Investment interest ( $8,000 of expenses limited to net investment income of $7,500) 7,500Unreimbursed employee expenses2,500 Sales taxes2,600\begin{array} { l } \text {Mortgage interest on personal residence }&\$6,000\\ \text {Property taxes on personal residence }&2,500\\ \text {Alimony payments }&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}

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Arnold and Beth's deduction for AGI is $...

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