Personal Finance 1st Edition by Jack R. Kapoor

Exercise 11

Determining Tax Deductions. If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction for her tax situation is $6,100.

Donations to church and other charities, $2,050

Medical and dental expenses exceeding 10 percent of adjusted gross income, $330

State income tax, $690

Job-related expenses exceeding 2 percent of adjusted gross income, $1,610