Question
Andy and Jane are married taxpayers in 2019. They both are under 65. They had a total of $55,000 in wages and $800 in interest
Andy and Jane are married taxpayers in 2019. They both are under 65. They had a total of $55,000 in wages and $800 in interest income. Their adjustments in income totaled $4,000. Andy and Jane also had $18,700 in itemized deductions.
What is the amount of their itemized deductions or standard deduction?
Select one:
a. $4,000
b. $22,700
c. $24,400
d. $18,700
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Financial Accounting Concepts And Applications
Authors: K. Fred Skousen, James D. Stice, Earl Kay. Stice, W. Steve Albrecht
7th Edition
0538876255, 978-0538876254
