Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. lisa is single, is not claimed as a dependent, and

Lisa is single, is not claimed as a dependent, and has the following expenses: mortgage...

80.2K

Verified Solution

Question

Finance

Lisa is single, is not claimed as a dependent, and has the following expenses: mortgage interest of $2800; charitable contributions of $560; state and local taxes of $2080. What is the amount of Lisas itemized or standard deduction that she can claim on her tax return. Choose the higher amount.

A. $12000.

B. $6389.

C. $5440.

D. None of these answer choices is correct.

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

Basic Math
1.2K views

Two catalysts in a batch chemical process, are being considered for their effect on the output...

Physics
1.2K views

A body is moving through a viscous fluid then choose the incorrect option 1 Viscous...

Geometry
1.2K views

Show how each vertex of AEFG maps to its image Describe in words how to...

Calculus
1.2K views

The graph on the right gives the annual per person retail availability of beef chicken...

Accounting
1.2K views

Jackson Company had a net increase in cash from operating activities of $10,000 and a...

Accounting
1.2K views

Required information Greenwood Company manufactures two products-14,000 units of Product Y and 6,000 units of...

Accounting
1.2K views

Jettison Corporation, an S corporation, may have its S corporation election terminated by all of...

Accounting
1.2K views

Bennett Enterprises issues a $732,000,60-day, 7\%, note to Spectrum Industries for merchandise inventory. Assume a...

Accounting
1.2K views

Por qu es importante que la contabilidad FINANCIERA proporcione un conjunto comn de normas que...

Accounting
1.2K views

Comment on the following transactions: A) Mort owns 500 shares of Pear, Inc. stock with...

Accounting
1.2K views

Fix the wrong answers please Required information The following information...

Accounting
1.2K views

Which of the following taxpayers (all age 40) are required to file a return? Taxpayer...