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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

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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 56,985 Personal property & real estate tax $1,678 State sales tax $1,632 First, add up the above itemized doductions Next, use Table 2 above as needed What is now the couple's 5) Taxable income for 2021? 2pt

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