Nick and Nora are married and file jointly. In 2018, they have an adjusted gross income of 47,400 . If they have itemized deductions of $22,500 and the standard deduction is $24,000, what is their taxable income?
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Since their itemized deductions of $22,500 are less than the standard deduction of $24,000, they should take the standard deduction. Show more…
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