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M, Age 65 and Single, Has No Dependents and an A.G.I

Question 41

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M, age 65 and single, has no dependents and an A.G.I, of $50,000 and these expenses: medical expenses of $2,200, personal casualty losses of $5,000, real estate taxes of $2,000, and residence mortgage interest of $1,000.In 2012 the taxpayer should deduct which of the following total amounts from A.G.I.?


A) $10,200
B) $14,000
C) $11,200
D) Some other amount

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