Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. chris and winsome are married and filed their taxe

Chris and Winsome are married and filed their taxes as married filing jointly. While filing...

60.1K

Verified Solution

Question

Accounting

Chris and Winsome are married and filed their taxes as married filing jointly. While filing their taxes, they determined that their total itemized deduction is $20,000. Chris and Winsome should

A. claim their itemized deduction for $20,000.

B. take the standard deduction since it is greater than their itemized deduction.

C. change their filing status to head of household so they can get a $36,000 deduction.

D. claim both their itemized and standard deduction.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

A natural disaster would be classified as which of the following types of factors A...

Biology
1.2K views

Given the expression profile of CFTR (tissues in which it is normally expressed) in non-affected individuals...

Finance
1.2K views

A bond issued for the purpose of building a tunnel between New Jersey and New York...

Biology
1.2K views

I need new and unique answers, please. (Use your own words, don't copy and paste), Please Use...

Electrical Engineering
1.2K views

Q17. With a sketch explain what is the difference between REAL as opposed to IDEAL algorithms?...

Economics
1.2K views

Explain the problems with exchange rate controls

Biology
1.2K views

Which of the following is not associated with a bacterial ribosome?Select one:a. It is a...

Statistics
1.2K views

A business finds that sales increase when the outdoor temperature decreases Identify the relation between...

Calculus
1.2K views

3 4 V r 1 1 r 3

Accounting
1.2K views

Which of the following cognitive biases in finance suggests that the majority of people perceive...

Accounting
1.2K views

Problem 2-53 (LO 2-2, LO 2-3) (Algo) [The following information applies to the questions displayed...

Accounting
1.2K views

Para los siguientes ejercicios, determine si el triple ordenado dado es la solucin al sistema...