Multiple Choice
Melanie and Jim, homeowners, have mortgage interest of $13,000, real estate taxes of $10,000, and charitable contributions of $1500. According to their filing status, a standard deduction of $24,000 is allowed. How much should the couple deduct on their tax return?
A) $25,000
B) $24,000
C) $24,500
D) $7,700
Correct Answer:
Verified
Correct Answer:
Verified
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