2.1 point) When finding their annual taxable income. how much are the deductions? Note: Your answer should be the amount that they will claim for their deductions when they file their taxes Here is the relevant information 1. For 2020, the standard deduction for a married couple filing jointly is $24.800, 2. Joe and Lauren paid $2.818.26 in state taxes and $2,065.50 in local taxes for 2020, 3. Recall that Joe and Lauren bought a house in Part 3 of the project, and the mortgage interest and property taxes are itemized deductions. For simplicity, assume that their first mortgage payment occurred on January 1, 2020, 4. Recall that Joe and Lauren have a student loan from Part 1 of the project. Student loan interest is a special case. They can claim the student loan interest deduction er even if they don't itemize their deductions. For simplicity, assume that their first student loan payment occurred on January 1.2020. 2.1 point) When finding their annual taxable income. how much are the deductions? Note: Your answer should be the amount that they will claim for their deductions when they file their taxes Here is the relevant information 1. For 2020, the standard deduction for a married couple filing jointly is $24.800, 2. Joe and Lauren paid $2.818.26 in state taxes and $2,065.50 in local taxes for 2020, 3. Recall that Joe and Lauren bought a house in Part 3 of the project, and the mortgage interest and property taxes are itemized deductions. For simplicity, assume that their first mortgage payment occurred on January 1, 2020, 4. Recall that Joe and Lauren have a student loan from Part 1 of the project. Student loan interest is a special case. They can claim the student loan interest deduction er even if they don't itemize their deductions. For simplicity, assume that their first student loan payment occurred on January 1.2020