Loose Leaf for Personal Finance
Loose Leaf for Personal Finance
12th Edition
ISBN: 9781259720680
Author: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Publisher: McGraw-Hill Education
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Chapter 4, Problem 4CC
Summary Introduction

To discuss:

Filling status of J, whether she take standard or itemized deduction and the deduction amount.

Introduction:
Itemized deductions and exemptions include certain expenses that can be deducted. It includes things like medical expense, mortgage interest and many other things.
Standard deductions and exemptions refer to the set amount on which no income tax has to b paid.
Filing status is tells to the person which tax return he/she has to file. It is mainly determined on the basis of marital status.

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How to (Legally) Never Pay Taxes Again; Author: Next Level Life;https://www.youtube.com/watch?v=q63F1pBrUHA;License: Standard Youtube License