Question
If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction for her tax situation is
If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction for her tax situation is $12,000.
Tax Deductions:
Donations to church and other charities $6,160
Medical and dental expenses exceeding 10 percent of adjusted gross income 2,620
State income tax 4,800
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Handbook Of Corporate Finance Empirical Corporate Finance Volume 1
Authors: B. Espen Eckbo
1st Edition
044453265X, 0080559565, 9780444532657, 9780080559568
