1
QuizMultiple Choice

Taxes — Test

Question 1 • Financial Math

Lina is a single taxpayer who has itemized deductions totaling $⁢20,000 The standard deduction for single filers is $⁢13,850 How much more are Linda's itemized deductions compared to the standard deduction?

Answer
A
33 dollars comma 850
B
6 dollars comma 150
C
13 dollars comma 850
D
5 dollars comma 150

Explanation

Subtract the standard deduction from Lina’s itemized deductions: $20,000 − $13,850 = $6,150. Her itemized deductions are $6,150 more than the standard deduction, which is choice D.

AI-written and checked against the verified answer.

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