Question: I need help correcting my work, I have it done just needed to itemize taxes and include PPI. I am doing number 6 only. I

I need help correcting my work, I have it done just

I need help correcting my work, I have it done just needed to itemize taxes and include PPI. I am doing number 6 only. I have attached the work in the excel documents. Below is the questions followed by the errors that need correcting. I don't think this should take long. Please let me know if you have any questions.

6.The Taylors are not sure if they are currently withholding enough federal income taxes. They are projected to withhold $10,200. If they are using the standard deduction, what is their estimated total tax bill due using 2016 tax brackets? Should they increase or decrease their withholding?

ERRORS

I listened to the lecture and he stated that since they gave the infinity away they will qualify for itemized deductions and you therefore need to do the tax calculation as itemized. He also said to assume that only 20 per month from the PITI goes to insurance so that you can calculate how much was spent on taxes and interest. Also don' forget student loan interest is a deductible as well. Sorry for the bad news.

needed to itemize taxes and include PPI. I am doing number 6

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