Solve the problem. Refer to the table if necessary.
Your deductible expenditures $5238 for contributions to charity and $646 for state income taxes. Your filing status entitles you to a standard deduction of $6350. Should you itemize your deductions rather than claiming the standard deduction? If so, what is the difference?
A. Yes, $1758
B. Yes, $5884
C. Yes, $466
D. No, you are better off with the standard deduction.
Answer: D
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.
A. 
B. 
C. 
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