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Compute david allowable itemized deductions for the year

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Question - David, a calendar year married taxpayer, files a joint return for 2018. Information for the year includes the following:

AGI (including wagering gains) $371,800

State income taxes 15,000

Charitable contributions 16,000

Wagering losses (wagering gains were $22,000) 20,000

Compute David's allowable itemized deductions for the year?

a. $51,000

b. $24,000

c. $46,000

d. $31,000

e. None of the above.

Reference no: EM132493825

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