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the options for the last part are itemized deduction and standarized Using the married ting jointly status and their income and expense statement, calculate the

the options for the last part are itemized deduction and standarized image text in transcribed
Using the married ting jointly status and their income and expense statement, calculate the 2017 taxtability for Shamaka and Curto Witam. First, ie the standard deduction, and then use the following umire deductions Income Earned Income Interest income $7.600.00 450.00 Expenses $53,000.00 Home mortgage interest 2.400.00 Real estate and state income fres 3.800.00 Miscellaneous deductions Explain to the Wiliams which method they should use and why Shamuka and Curterolul gross income for the 2017 tax year is 5 (Round to the nearest cert) Assuming Shamekn and Cuts are filing jointly, their exemption amount for the 2017 tax yearsRound to the nearest cant) Sharoka and Curta use the standard deduction, their standard deduction amount for the 2017 a year is $(Round to the nearest dollar) Note Miscellaneous deductions, unlike chantabile contributions are subject to a deduction threshold) Click the following link for a standard deduction table Their taxable income for the 2017 tax your is $(Round to the nearest cont) Shamaka and Curta use the standard destruction, their total income tax due for the 2017 ux year is 5 Round to the nearest cent) Click the following lick for the tax rates and brackets tablom Shanka and Curtis itemize their deductions, the temized deduction amount for the 2017 tux year is $(Round to the nearest cont.) It Shumaka and Curtis tomize their deduction, thar taxable income for the 2017 tax your Round to the nearest cont.) Shamaka and Curtis itemize their deductions, their totul income tax due for the 2017 tux year is $(Round to the nearest cont.) Click the following ink for the tax rates and brackets at Which method should they use? (Select the best answer below)

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