Lisa is single, is not claimed as a dependent, and has the following expenses: mortgage interest of
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Question:
Lisa is single, is not claimed as a dependent, and has the following expenses: mortgage interest of $2800; charitable contributions of $560; state and local taxes of $2080. What is the amount of Lisa’s itemized or standard deduction that she can claim on her tax return. Choose the higher amount.
A. $12000.
B. $6389.
C. $5440.
D. None of these answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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