Melanie,a homeowner,has mortgage interest of $3,000,real estate taxes of $1,500,and charitable contributions of $500.According to her filing status,a standard deduction of $6,300 is allowed.How much should Melanie deduct on her tax return?
A) $5,000
B) $6,300
C) $6,700
D) $7,700

Question

Quizplus · Accepted Answer

Melanie should take the standard deduction of $6,300 because it is greater than her itemized deductions, which total $5,000 ($3,000 mortgage interest + $1,500 real estate taxes + $500 charitable contributions).

Melanie,a Homeowner,has Mortgage Interest of $3,000,real Estate Taxes of $1,500,and