Tyrone, who is single and under age 65, had the following income in 2018:•$59,800 in wages •$200 in interest •$10,000 in gambling winnings •$5,000 in short-term capital gains. Tyrone filed a Schedule A, Itemized Deductions, for 2018. While preparing that schedule, Tyrone, who had no above-the-line deductions, listed the following below-the-line deduction items he had incurred during the year:•$2,500 in medical expenses •$8,000 of mortgage interest paid on a mortgage of $300,000 •$2,000 in real estate taxes •$1,600 in state taxes •$12,000 in gambling losses •$3,400 in unreimbursed employee business expenses.What is the total amount of Schedule A itemized deductions that Tyrone can report in 2018?
A. $21,600.
B. $25,000.
C. $27,500.
D. $23,500.
Answer: A
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