Essay
The Inouyes filed jointly in 2017.Their AGI is $78,000.They reported $16,000 of itemized deductions and they have two children,one of whom qualifies as their dependent.The 2017 standard deduction amount for MFJ taxpayers is $12,700 and each exemption is $4,050.What is the total amount of from AGI deductions they are allowed to claim on their 2017 tax return?
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$28,150,determined as follows:
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From AGI ...
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