The inouyes filed jointly in 2012. they reported 16000 of, Ask an Expert

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The Inouyes filed jointly in 2012. They reported $16,000 of itemized deductions and they have two children, one of whom qualifies as their dependent. The 2012 standard deduction amount is $11,900 and each exemption is $3,800. What is the total amount of from AGI deductions they are allowed to claim on their 2012 tax return?

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Category:- Accounting Basics
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