Essay
The Tanakas filed jointly in 2017.Their AGI is $120,000.They reported $10,000 of itemized deductions and they have two dependent children.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?
Correct Answer:
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$28,900,computed as follows:
From AGI de...View Answer
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Correct Answer:
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From AGI de...
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