Mr. and Mrs. Nedage are filing a joint tax return. While listing their deductions, they find that they can deduct $2,150 from medical bills, $826 from state taxes, $3,133 from charitable donations, and $1,331 from interest on their mortgage. The standard deduction for married couples filing jointly is $8,350. How does the standard deduction compare to the Nedages’ deductions? a. The Nedages’ deductions are $1,740 better than the standard deduction. b. The Nedages’ deductions are $7,440 better than the standard deduction. c. The standard deduction is $910 better than the Nedages’ deductions. d. The standard deduction is $9,260 better than the Nedages’ deductions.
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Mr. and Mrs. Nedage are filing a joint tax return. While listing their deductions, they find that th...
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