Marry and max had adjusted gross income of 358000 they have


Marry and Max had adjusted gross income of 358000. They have itemized deductions of $20,000 consisting of $8,000 in medical expenses that exceed 10% of adjusted gross income, $3,000 in property taxes, $4000 in housing interest, and $5000 in miscellaneous itemized deductions that exceed 2% of adjusted gross income. What is the amount of their itemized deductions?

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Financial Accounting: Marry and max had adjusted gross income of 358000 they have
Reference No:- TGS01000151

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