Choose the answer with explanation: 45) A single taxpayer provided the following information for 2014: Salary $80,000 Interest on local government bonds (qualifies as a tax exclusion) 4,000 Allowable itemized deductions 13,000 What is taxable income? A) $57,050 B) $63,050 C) $63,000 D) $67,050 46) Which of the following types of itemized deductions are included in the category of miscellaneous expenses that are deductible only if the aggregate amount of such expenses exceeds 2% of the taxpayer's adjusted gross income? A) unreimbursed employee business expenses B) charitable contributions C) medical expenses D) home mortgage interest expense 47) In 2014 the standard deduction for a married taxpayer filing a joint return and who is 67 years old with a spouse who is 65 years old is A) $12,400. B) $13,600. C) $14,800. D) $15,500. 48) In 2014 Brett and Lashana (both 50 years old) file a joint tax return claiming as a dependent their son who is blind. Their standard deduction is A) $12,400. B) $13,600. C) $13,950. D) $7,750. 49) Annisa, who is 28 and single, has adjusted gross income of $55,000 and itemized deductions of $5,000. In 2014, Annisa will have taxable income of A) $44,850. B) $46,050. C) $51,050. D) $43,800.