In 2015, Dominique and Felix are married and file a joint Federal income tax return. Their AGI is $312,650, and they claim three dependency exemptions.
Compute the taxpayers' total deduction for exemptions for the year.
Paul and Sonja, who are married, reported 2015 itemized deductions of $8,200 and $400, respectively. Paul suggests that they file their Federal income tax returns separately-he will itemize his deductions from AGI, and she will claim the standard deduction.
a. Evaluate Paul's suggestion.
b. What should they do?