Arnold and Beth File a Joint Return

Essay

Arnold and Beth file a joint return. Use the following data to calculate their deduction for AGI.
$\begin{array}{llr} \text {Mortgage interest on personal residence } &\$6,000\\ \text { Property taxes on personal residence} &2,500\\ \text { Alimony payments } &12,000\\ \text { Moving expenses } &7,000\\ \text {Charitable contributions } &1,500\\ \text { State income taxes } &5,000\\ \text { Investment interest ( \( \$ 8,000 \) of expenses limited to net } &\\ \text { investment income of \( \$ 7,500 \) )} &7,500\\ \text {Unreimbursed employee expenses } &2,500\\ \text { Sales taxes } &2,600\\\end{array}$