Compute the $2023$ standard deduction for the following taxpayers.a$.$ Ellie is $15$ and claimed as a dependent by her parents. She has $$875$ in dividends income and $$1,520$ in wages from a part$-$time job. $fill in the blank $1$

b$.$ Ruby and Woody are married and file a joint tax return. Ruby is age $66,$ and Woody is $69.$ Their taxable retirement income is $$14,770.$ $fill in the blank $2$

c$.$ Shonda is age $68$ and single. She is claimed by her daughter as a dependent. Her earned income is $$450,$ and her interest income is $$335.$ $fill in the blank $3$

d$.$ Frazier, age $60,$ is married but is filing a separate return. His wife itemizes her deductions.

Answer rating: 100% (QA)

To compute the 2023 standard deduction for the given taxpayers we need to consider the standard dedu... View the full answer