mr. and mrs. nedage are filing a joint tax return. while listing their deductions, they find that they can…

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?\n a. the nedages deductions are $1,740 better than the standard deduction.\n b. the nedages deductions are $7,440 better than the standard deduction.\n c. the standard deduction is $910 better than the nedages deductions.\n d. the standard deduction is $9,260 better than the nedages deductions.\n\nplease select the best answer from the choices provided\n\no a\no b\no c\no d

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?\n a. the nedages deductions are $1,740 better than the standard deduction.\n b. the nedages deductions are $7,440 better than the standard deduction.\n c. the standard deduction is $910 better than the nedages deductions.\n d. the standard deduction is $9,260 better than the nedages deductions.\n\nplease select the best answer from the choices provided\n\no a\no b\no c\no d

Answer

Explanation:

Step1: Calculate total itemized deductions

$2150 + 826+3133 + 1331$ $=2976+3133 + 1331$ $=6109+1331$ $= 7440$

Step2: Compare with standard deduction

$8350-7440 = 910$

Answer:

C. The standard deduction is $910 better than the Nedages' deductions.