The Tanakas Filed Jointly in 2019

question 87

Essay

The Tanakas filed jointly in 2019.Their AGI is $120,000.They reported $10,000 of qualified business income and $26,000 of itemized deductions.They also have two dependent qualifying children.The 2019 standard deduction amount for MFJ taxpayers is $24,400.What is the total amount of from AGI deductions they are allowed to claim on their 2019 tax return?

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Definitions:

Nominal Specification

The stated or targeted value for a parameter in a design or process, serving as a benchmark for quality control.

Statistical Process Control

A methodology applied to monitor and control a process to ensure that it operates at its fullest potential, using statistical techniques.

Process Capability Index

A statistical measure of a process's ability to produce output within specified limits.