Question
Bruce and Anna Wayne 3 children living at home under the age of 17 $78,000 gross annual combined salaries $2,000 invested in Bruce's IRA during
Bruce and Anna Wayne
3 children living at home under the age of 17
$78,000 gross annual combined salaries
$2,000 invested in Bruce's IRA during the year
$580 in a savings account interest
$400 in dividends from Bats Inc
300 shares of stock sold for $27 per share on July 2,this year(plus a $50 brokerage
commission).The stock was purchased for $10 per share1 year ago(plus a
$50 brokerage commission).
$4,300 in medical expenses
$9,000 in home mortgage interest
$3,000 given to charity
$2,500 paid in state income taxes
$1750 paid in local property taxes
$7,460 Federal Income tax withheld during the year
Will the Wayne's itemize or take the standard deduction?If so, show the correct amount for whichever one they choose.
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