Question

Chris is calculating his deductions for his tax return. He is filing singly. He can claim $1,813 from property taxes, $1,513 from medical expenses, and $761 from state income tax. The standard deduction for a single filer is $5,700. How does the standard deduction compare to Chris’s deductions?
a.
Chris’s deductions are $1,437 more than the standard deduction.
b.
Chris’s deductions are $2,087 less than the standard deduction.
c.
The standard deduction is $1,613 more than Chris’s deductions.
d.
The standard deduction is $664 less than Chris’s deductions.

Answer 1

c. The itemized deductions total $1,813 + $1,513 + $761 = $4,087. The standard deduction $5,700 − $4,087 = $1,613, so the standard is $1,613 more.