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#31) The Martins file a joint return. Their AGI is $375,800. The Martins report the following...

#31)

The Martins file a joint return. Their AGI is $375,800. The Martins report the following amounts on Schedule A: home mortgage interest, $12,920; real estate taxes, $5,100; and $7,000 of cash gifts to qualified charities. The amount the Martins will deduct from AGI for their itemized deductions is

Group of answer choices

a-$23,160.

b-$13.746.

c-$18,584.

d-$21,491

Please show your calculations. Thanks.

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Answer #1

Question -37:- Answer a $23,160 Explanation: . The Martins reduce their $25,020 (ie $12,920+ $5,100+ $4,000) of total.itemize

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