Part 2) Itemized Deductions Ken earns $56,601 & Amanda earns $84,272. in gross income during 2021. During 2021, Ken placed $5600 of his gross income into a pre-tax retirement account. Amanda placed $2,750 of her gross income in a pre-tax FSA (Flexible Spending Account) for medical expenses Ken and Amanda are legally married, and they plan to file their taxes together jointly Assume this couple will instead apply the below itemized deductions (instead of taking the standard deduction) to their joint income (hint add up the itemized deductions, and use this amount in place of the standard deduction) Their Itemized Deductions for 2021 are: Home mortgage interest: $6,985 Personal property & real estate tax $1,678 State sales tax $1632 First, add up the above itemized deductions. Next, use Table 2 above as needed What is now the couple's 7) Should Ken and Amanda take the standard deduction, or itemize their deductions? How much will they save in federal income taxes by making this choice? 4pts