Question
Kate (a Single filer) has AGI of $71,000 and has the following deductions for 2018: Home mortgage interest of $9,000; un-reimbursed medical expenses of $5,000;
Kate (a Single filer) has AGI of $71,000 and has the following deductions for 2018: Home mortgage interest of $9,000; un-reimbursed medical expenses of $5,000; State and local taxes totaling $4,500; charitable contributions of $3,600. Which of the following is true?
Group of answer choices
She should take the itemized deduction of $22,100
She should take the standard deduction of $12,000
She should should take the itemized deduction of $17,100
She should take the standard deduction of $24,000
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
