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

Answer

Explanation:

Step1: Calculate total itemized deductions

$2150 + 826+3133 + 1331=7440$

Step2: Find the difference between standard and itemized deductions

$8350 - 7440=910$

Answer:

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