Question 60 • TX-Art I A
Add the itemized deductions: $3,752 + $3,375 + $959 = $8,086, which is less than the $8,350 standard deduction. The couple should use the standard deduction, then subtract their two exemptions, worth 2 × $3,650 = $7,300. Their taxable income is $68,676 − $8,350 − $7,300 = $53,026, so the correct choice is $53,026.
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