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Greg and Lisa are married taxpayers. They are filing their tax return and ask you for help. They have already calculated their AGI at $100,000
Greg and Lisa are married taxpayers. They are filing their tax return and ask you for help. They have already calculated their AGI at $100,000 the following expenditures: Medical expenses $5,000 Estimated state tax payments 7,500 Property taxes 4,000 Sales paid 2,000 Charitable Donations 2,500 Mortgage Interest indebtedness $500,000) 8,900 You advise them they should A. They can claim total of $29,900 on Schedule A. B. They can claim total of $26,400 on Schedule A. C. They can claim total of $21,400 on Schedule A D. They can claim total of $21,900 on Schedule A E. They should take the standard deduction, which is higher than the itemized deduction amount
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