The Inouyes Filed Jointly in 2016

question 113

Essay

The Inouyes filed jointly in 2016. 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 2016 standard deduction amount is $12,600 and each exemption is $4,050. What is the total amount of from AGI deductions they are allowed to claim on their 2016 tax return?

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Definitions:

Ethnocentrism

The conviction that one's own ethnic group or culture is naturally superior to others.

Coherent

Logically connected and consistent, making it easy to understand.

Culture

The ideas, customs, social behaviors, and artifacts of a particular society, group, place, or time.

Logical

Pertaining to or characterized by clear, sound reasoning and coherent thought.