Jake, a single individual with a salary of $40,000, paid the following expenses during the year: Alimony: $8,000 Charitable contributions: $2,000…

Jake, a single individual with a salary of $40,000, paid the following expenses during the year:Alimony: $8,000Charitable contributions: $2,000Casualty loss (after $100 floor): $1,000Mortgage interest on personal residence: $3,000Moving expenses: $1,500 Student loan interest: $1,000Contribution to a traditional IRA: $2,000Analyze the above expenses and determine which ones are deductible for AGI. Please support your position