The Inouyes Filed Jointly in 2020

question 92

Essay

The Inouyes filed jointly in 2020. Their AGI is $78,000. They reported $3,000 of qualified business income and $22,000 of itemized deductions. They have two children, one of whom qualifies as their dependent as a qualifying child. The 2020 standard deduction amount for MFJ taxpayers is $24,800. What is the total amount of from AGI deductions they are allowed to claim on their 2020 tax return?

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Definitions:

External Agents

Individuals or entities outside an organization that influence its operations, strategies, or changes, such as consultants or regulatory bodies.

Anticipatory Socialization

The process of learning and adapting to the norms, values, and roles of a social group or situation one expects to enter in the future.

Reliable Job Behaviour

Consistent and predictable actions performed by an employee that fulfill job responsibilities and organizational expectations.

Polygraph

A device used to detect physiological changes in a person's body as a response to questions asked, aiming to determine truthfulness.