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Calculate Ian AGI and his Taxable Income

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Question - Ian, a single individual, had the below items in 2020. The standard deduction for a single individual in 2020 is $12,400. Calculate Ian's AGI and his Taxable Income.

Wages $104,000

Medical expenses $10,000

Charitable contribution to the University of Minnesota 1,200

Real estate tax on Minnesota residence 3,800

Minnesota income tax withheld during 2020 7,900

Contribution to Health Savings Account 2,500

Real estate tax on a vacation home 1,300

State sales tax 2,300

Student Loan interest 1,500

Contribution to Roth IRA 3,000

Reference no: EM133050038

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