Homework Answers
Solution
Here the standard decutions are more than itimizes deduction hence standard deduction shall be claimed .
Nick and nora`s taxable income -Adusted gross income - standard deduction (as it is higher than itimized deduction )
$50,500-$24,000=$26,500
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income in the following situation. Use the exemptions and
deductions in the table to the right. Explain how it was decided
whether to itemize deductions or use the standard deduction. Sara
is married, but she and her husband filed separately. Her salary
was $31,100, and she earned $520 in interest. She had $3200 in
itemized deductions and claimed four exemptions, for herself and
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