Salary (Note 1) $ 84,000 Expense allowance (Note 2) 25,000 Contribution to § 401(k) retirement plan (Note 3) (10,000) Interest income (Note 4) 400 Treasure trove (Note 5) 5,000 Property transactions (Note 6): Loss on sale of lot ($4,000) Gain on boat 500 (3,000) Adjusted gross income $101,400 Itemized deductions not subject to the 2%-of-AGI limitation: Medical (Note 7) $2,795 Sales tax (Note 8) 3,200 Charitable contribution (Note 9) 4,800 Campaign contribution (Note 10)…
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