For 2015,Nigel and Lola,married taxpayers without children,calculated their total allowable itemized deductions to be $17,100.Accordingly,Nigel and Lola file jointly and should deduct from adjusted gross income
I.the standard deduction amount of $12,600
II.total itemized deductions equal to $17,100.
III.one personal and one dependency exemption amount.
IV.exemption amounts totaling $8,100.
A) Only statement I is correct.
B) Statements I and IV are correct.
C) Statements I, III, and IV are correct.
D) Statements II and IV are correct.
E) Statements I, II, III, and IV are correct.
Correct Answer:
Verified
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