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 e even if they don't itemize their deductions. For simplicity, assume that their first student loan payment occurred on January 1, 2020 3.(2 points) Did Joe and Lauren claim the standard deduction or itemize their deductions? Explain your decision, and show all of your calculations, 4. (1 point) Find their annual taxable income for 2020, Use their salaries given in Part 2 of the project. 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 e even if they don't itemize their deductions. For simplicity, assume that their first student loan payment occurred on January 1, 2020 3.(2 points) Did Joe and Lauren claim the standard deduction or itemize their deductions? Explain your decision, and show all of your calculations, 4. (1 point) Find their annual taxable income for 2020, Use their salaries given in Part 2 of the project