Question 12 (5.25 points) Mr. and Mrs. Twig are both under 65 years of age and...

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Question 12 (5.25 points) Mr. and Mrs. Twig are both under 65 years of age and have no dependents. Their only income for the year was his salary of $45,500. During the year they made only a nominal amount of disbursements of the type that would qualify as itemized deductions. What is their standard deduction on a 2020 joint return? 1) $12,200 2) $18,650 3) $24,400 (4) $24,800 5) None of these Question 12 (5.25 points) Mr. and Mrs. Twig are both under 65 years of age and have no dependents. Their only income for the year was his salary of $45,500. During the year they made only a nominal amount of disbursements of the type that would qualify as itemized deductions. What is their standard deduction on a 2020 joint return? 1) $12,200 2) $18,650 3) $24,400 (4) $24,800 5) None of these