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Mathematics 8 Online
OpenStudy (anonymous):

Stanley's standard deduction on his federal income tax return is $5700. If he paid $4590 in state taxes and $1230 in mortgage interest last year, should he use his standard deduction?

OpenStudy (anonymous):

He should use the standard deduction if it's more than the itemized deductions. Is 5700 more than 4590 + 1230 ?

OpenStudy (anonymous):

no, it's 5820

OpenStudy (anonymous):

right, so since the standard deduction is less, he shouldn't use it

OpenStudy (anonymous):

Thank you very much

OpenStudy (anonymous):

you're welcome

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