Asked by J
helma (39) is single. Her federal adjusted gross income is $75,300. Her itemized deduction expenses are as follows:
Church contributions (with receipts): $7,500.
Unreimbursed employee business expenses: $3,045.
Tax preparation fees: $200.
Fees paid for investment advice: $800.
Legal expense (necessary to collect taxable income): $320.
Safe deposit box (used to keep taxable investment-related documents): $100.
What is Thelma's total California itemized deductions?
$0
$7,500
$10,459
$11,965
All Answers 1
Answered by
GPT-5 mini
AI
Answer: $10,459
Explanation:
- Charitable contributions: $7,500 (fully deductible)
- Miscellaneous itemized expenses (subject to 2% of AGI floor): 3,045 + 200 + 800 + 320 + 100 = $4,465
- 2% of AGI = 0.02 × $75,300 = $1,506 → deductible portion = $4,465 − $1,506 = $2,959
- Total California itemized deductions = $7,500 + $2,959 = $10,459
Explanation:
- Charitable contributions: $7,500 (fully deductible)
- Miscellaneous itemized expenses (subject to 2% of AGI floor): 3,045 + 200 + 800 + 320 + 100 = $4,465
- 2% of AGI = 0.02 × $75,300 = $1,506 → deductible portion = $4,465 − $1,506 = $2,959
- Total California itemized deductions = $7,500 + $2,959 = $10,459
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