Question: 1 ) Bernita ( 7 0 ) and Bob ( 7 2 ) , have an AGI of $ 4 1 , 0 0 0

1) Bernita (70) and Bob (72), have an AGI of $41,000, and file jointly. They had the following expenses:
Medical insurance premiums: $300/month
Total in prescriptions: $150/month
Total in co-pays for doctor visits: $575
State and local income taxes: $2,500
Mortgage interest: $6,500
Real estate taxes: $2,150
Cash donation to Colorado Coalition for the Homeless: $75/month
Cash donation to Amnesty International: $500
a) Bernita and Bob should use their Itemized Deductions
b) Bernita and Bob should use their Standard Deduction

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