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Calculate sheila deductible itemized deductions

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Sheila, a single taxpayer, has an AGI of $245,000 and has the following itemized deductions:

Mortgage interest $27,350

Property tax $12,500

Income taxes $11,500

Charitable donations (all 50% orgs) $16,400

Question 1: Using the regular tax method, calculate Sheila's deductible itemized deductions.

Option A. $44,750

Option B. $53,750

Option C. 0

Option D: $70,400

Reference no: EM132504529

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