Question: Decide whether you should itemize your deductions or take the standard deduction in the following case. State how much the better option will save you.

Decide whether you should itemize your deductions or take the standard deduction in the following case. State how much the better option will save you. Assume the standard deduction is
$25 comma 10025,100.
Your filing status is married filing jointly. Your deductible expenditures are
$9400
for interest on a home mortgage,
$2100
for contributions to charity, and
$2335
for state and local taxes.

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