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For calendar year 2020, William and Nan Rehnquist file a joint return reflecting AGI of $310,000. (This number has been correctly calculated, i.e., do not adjust this number). Both William and Nan are employees of Court Corporation. Their items of expense are listed below.

• Calculate William and Nans itemized deductions. To receive credit, you must clearly document all calculations leading to your final answer. If any item below is not included in your calculation, please explain why and be specific.

• Based on your calculations, should William and Nan itemize deductions in 2020?

Doctor, dentist and hospital expenses	13,450
Credit card interest	1,260
Prescription medications	1,800
Federal income taxes withheld in 2020	17,320
Home mortgage interest	13,710
Medical insurance premiums (non-employer-provided policy)	19,345
Tax return filing fees	885
Medical insurance reimbursement received Dec. 2020	2,100
Add'l medical insurance reimbursement expected Jan. 2021	3,910
Personal casualty loss (not covered by insurance) in Federally declared disaster area	35,050
Cost of alcohol rehabilitation for Nan	5,235
Student loan interest	4,680
Professional dues (umreimbursed)	875
State income taxes withheld in 2020	12,400
State income taxes paid on April 14, 2020 for tax year 2019	3,240
Sales taxes paid	7,055
Real estate taxes paid	9,020
Fair market value of services provided to qualified charities	2,390
Cash charitable contributions	19,750
Alimony payment to William's ex-wife (divorce agreement executed 2005)	5,900

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