Problem 4-2 Determining Tax Deductions [LO4-2] If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction for her tax situation is $12,550. Tax Deductions Donations to church and other charities Medical and dental expenses exceeding 7.5 percent of adjusted gross income State income tax $6,060 2,420 4,700 Lola Harper should use the of

SWFT Essntl Tax Individ/Bus Entities 2020
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ISBN:9780357391266
Author:Nellen
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Chapter4: Gross Income
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Problem 4-2 Determining Tax Deductions [LO4-2]
If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction
for her tax situation is $12,550.
Tax Deductions
Donations to church and other charities
Medical and dental expenses exceeding 7.5 percent of adjusted gross income
State income tax
$6,060
2,420
4,700
Lola Harper should use the
of
Transcribed Image Text:Problem 4-2 Determining Tax Deductions [LO4-2] If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction for her tax situation is $12,550. Tax Deductions Donations to church and other charities Medical and dental expenses exceeding 7.5 percent of adjusted gross income State income tax $6,060 2,420 4,700 Lola Harper should use the of
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