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The Inouyes Filed Jointly in 2017

question 112

Essay

The Inouyes filed jointly in 2017.Their AGI is $78,000.They reported $16,000 of itemized deductions and they have two children,one of whom qualifies as their dependent.The 2017 standard deduction amount for MFJ taxpayers is $12,700 and each exemption is $4,050.What is the total amount of from AGI deductions they are allowed to claim on their 2017 tax return?

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Definitions:

High-Skill

Pertaining to jobs or workers that require a significant level of education, expertise, or experience to perform complex tasks.

Low-Skill

Referring to jobs or tasks that require a minimal level of education, training, or experience to perform.

Wage Gap

The difference in average earnings or wages between different groups of workers, such as between genders or races.

Unskilled Occupations

Jobs that require minimal technical training and education, often involving manual labor or routine tasks.

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