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In addition, Jackson incurred some reimbursed travel costs for an out-oftown business trin: Critical Thinking Questions Answer the following questions. Please show your work so

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In addition, Jackson incurred some reimbursed travel costs for an out-oftown business trin: Critical Thinking Questions Answer the following questions. Please show your work so that I can provide feedback. 1. Using the Clarks' information, determine the total amount of their itemized deductions. 2. Assume that they II use the filing status of married filing jointly and that the standard deduction for that status is $24,000. Should they itemize or take the standard deduction? 3. Prepare a schedule computing the tax on a joint return for Jackson and Lilian Clark for the year ended December 31,2018 that gives them the smallest tax liability. Use the appropriate tax rate schedule provided in Exhibit 3.3 to calculate their taxes owed or refunded. (View the Example linked below to see th format that you should use for this schedule). Use and submit the following worksheet for step 3 . Income Tax Worksheet 4. Suggest some tax strategies, based on what you know about the Clarks financia position. that they might use to reduce their tax liability for next year. In addition, Jackson incurred some reimbursed travel costs for an out-oftown business trin: Critical Thinking Questions Answer the following questions. Please show your work so that I can provide feedback. 1. Using the Clarks' information, determine the total amount of their itemized deductions. 2. Assume that they II use the filing status of married filing jointly and that the standard deduction for that status is $24,000. Should they itemize or take the standard deduction? 3. Prepare a schedule computing the tax on a joint return for Jackson and Lilian Clark for the year ended December 31,2018 that gives them the smallest tax liability. Use the appropriate tax rate schedule provided in Exhibit 3.3 to calculate their taxes owed or refunded. (View the Example linked below to see th format that you should use for this schedule). Use and submit the following worksheet for step 3 . Income Tax Worksheet 4. Suggest some tax strategies, based on what you know about the Clarks financia position. that they might use to reduce their tax liability for next year

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