"1.Daniel is single and has the following income and expenses in

"1.Daniel is single and has the following income and expenses in 2010.,Salary income….$60,000,Net rent income…6,000,dividend income….3,500,payment of alimony…12,000,Mortgage interest on residence…4,900,Property tax on residence…1,200,contribution to traditional IRA…5,000,contribution to United Church…2,100,Losson the sale of real estate( held for investment)..2,000,Medical expenses…3,250,State income tax…300,Federal income tax…7,000,,a) Calculate Daniel’s AGI.,b)Should Daniel itemize his deductions from AGI or take the standard deduction?,————————————————————————,question 2,2. Mary, a single taxpayer with two dependent children, has the following items of income and expense during 2010:,Gross receipts from business…$144,000,Business expenses…180,000,Alimony received…22,000,interest income…40,000,Itemized deductions(no casualty or theft)…28,000,,a.Determine Mary’s taxable income for 2010.,b.Determine Mary’s NOL for 2010.,,,