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
$12 comma 55012,550.
You are single, earned wages of
$33 comma 00033,000,
and had deductible expenses of
$49004900
for charitable contributions and
$25702570
for state and local taxes.
Question content area bottom
Part 1
You should
for a savings of
$enter your response here
in taxable income.
(Simplify your answer.)

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