Using the married filing jointly status,

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,

and their income and expense statement,

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,

calculate the

2020

tax liability for Shameka and Curtis Williams. First, use the standard deduction, and then use the itemized deductions. Explain to the Williamses which method they should use and why.

Question content area bottom

Part 1

Shameka and Curtis' total gross income for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.)

Part 2

The adjustments to gross income for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.)

Part 3

If Shameka and Curtis use the standard deduction, their standard deduction amount for the

2020

tax year is

$enter your response here

.

(Enter the amount to the nearest cent.) Click the following link for a

standard

deduction table:

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.

Part 4

Their taxable income for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.)

Part 5

If Shameka and Curtis use the standard deduction, their total income tax due for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.) Click the following link for the tax rates and brackets table:

LOADING...

.

Part 6

If Shameka and Curtis itemize their deductions, their itemized deduction amount for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.)

Part 7

If Shameka and Curtis itemize their deductions, their taxable income for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.)

Part 8

If Shameka and Curtis itemize their deductions, their total income tax due for the

2020

tax year is

$enter your response here

.

(Round to the nearest cent.) Click the following link for the tax rates and brackets table:

LOADING...

.