If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction?
Question:
If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction?
The standard deduction for her tax situation is.....................................................................$6,300
Donations to church and other charities,...............................................................................$2,050
Medical and dental expenses that exceed 10 percent of adjusted gross income,...............$400
State income tax,...........................................................................................................................$690
Job-related expenses that exceed 2 percent of adjusted gross income,............................$2,010
Step by Step Answer:
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart