Expenses and deductible for agi

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Reference no: EM13141385

Sam, a single individual with a salary of $40,000, paid the following expenses during the year:

Alimony: $8,000

Charitable contributions: $2,000

Casualty loss (after $100 floor): $1,000

Mortgage interest on personal residence: $3,000

Moving expenses: $1,500

Student loan interest: $1,000

Contribution to a traditional IRA: $2,000

Analyze the above expenses and determine which ones are deductible for AGI. Please support your position

Reference no: EM13141385

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