What amount may Jordan claim as itemized deductions

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Reference no: EM132658284

Problem - Jordan Johnson is single and has adjusted gross income of $50,000 in the current year. Additional information is as follows:

State income taxes paid $2,000

Mortgage interest on her personal residence 9,000

Points paid on purchase of her personal residence 1,000

Deductible contributions to her IRA 3,000

Uninsured realized casualty loss (in a Federal disaster area) 6,000

Tax preparation fees for her prior year income tax return 400

Required - What amount may Jordan claim as itemized deductions on her current-year income tax return?

a. $12,000

b. $12,900

c. $13,300

d. $15,900

Reference no: EM132658284

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