Reference no: EM132476757

Pedro, who is a single taxpayer, had AGI of $358,400 for 2017. He incurred the following expenses during the year:

Medical expenses before 10%-of-AGI limitation                $18,380
State and local income taxes                                       $10,752
Real estate taxes                                                       $2,150
Home mortgage interest                                              $17,920
Charitable contributions                                               $4,301
Deductible investment interest expense                          $1,613

Question 1: Compute the amount of Pedro's itemized deductions after any applicable reductions and/or limitations. Round your computations to the nearest dollar and use rounded amounts in subsequent calculations.