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} { l } \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 investment income of \( \$ 7,500) \) }&7,500\\ \text {Unreimbursed employee expenses}&2,500\\ \text { Sales taxes}&2,600\\\end{array}$