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 550. You are single, earned wages of $32 comma 500, and had deductible expenses of $4650 for charitable contributions and $2640 for state and local taxes

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