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Marco is 6 5 - years - old and is married to his wife Susan. Last year, Marco had $ 5 2 , 5 0

Marco is 65-years-old and is married to his wife Susan. Last year, Marco had $52,500 in W-2 wages which he received in the course of his employment as a school teacher. Susan was self-employed as a yoga instructor and brought in approximately $50,000 from her Schedule C business. Last year, Marco paid $1,750 in student loan interest, $5,000 in mortgage interest, and he also paid $14,900 to acquire a new fishing boat, which has enjoyed taking to the Lake Tahoe area, where he and his wife live. Susan paid $5,000 in student loan interest and had no other expenses. For this tax year, Marco and Susan decided that they are going to file separately.
Is Marco permitted to take the standard deduction, and if so, how much will his entire below the line deduction be?

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