Arnold and Beth File a Joint Return in 2019

Essay

Arnold and Beth file a joint return in 2019. Use the following data to calculate their deduction for AGI. $\begin{array}{lr}\text { Mortgage interest on personal residence } & \$ 6,000 \\\text { Property taxes on personal residence } & 2,500 \\\text { Alimony payments (divorce finalized in 2014) } & 12,000 \\\text { Moving expenses } & 7,000 \\\text { Charitable contributions } & 1,500 \\\text { State income taxes } & 5,000 \\\text { Investment interest }(\$ 8,000 \text { of expenses limited to net investment income of } \$ 7,500) & 7,500 \\\text { Unreimbursed employee expenses } & 2,500 \\\text { Sales taxes } & 2,600\end{array}$