Question

Brian is calculating his tax deductions. He finds that he can deduct $1,225 as a result of money given to charity, $4,391 from interest paid on his mortgage, and $2,821 from what he paid in state and local taxes. What is Brian’s total deduction?

Answer 1

If he finds that he can deduct these amounts, then all you have to do is add them, assuming they are all tax deductible. So, $1225 + $4391 + $2821 = $8437.

Thus, his total deduction would be $8,437.

I hope I was able to answer your question. Have a good day.

Answer 2

Answer:

$8,347

Step-by-step explanation:

For tax purposes, not all expenses are allowable.

The expenses allowable should be wholly, necessarily, exclusively for business purpose.

However, since Brian has discovered that the money given to charity is tax deductible, it means that the total deduction

= $1,225 + $4,391 + $2,821

= $8,347

Brian’s total deduction is $8,347.