Jermaine and Sam filing status is married filing jointly, they have AGI of $100,000, and the following
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Question:
Jermaine and Sam filing status is married filing jointly, they have AGI of $100,000, and the
following expenses for 2022:
Charitable contribution (cash) (6,400)
State income tax (12,000)
Property tax (11,000)
State sales tax (6,000)
Grocery store expenses (5,000)
Unreimbursed medical expenses (9,300)
Mortgage interest on personal residence (4,000)
Should they itemize or take the standard deduction? Why?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: