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