Bill is a single taxpayer, age 27. In 2019, his salary is $29,000 and he has...
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Bill is a single taxpayer, age 27. In 2019, his salary is $29,000 and he has interest income of $1,500. In addition, he has deductions for adjusted gross income of $2,200 and he has $6,500 of itemized deductions. Calculate the following amounts. Table for the standard deduction Filing Status Single Married, filing jointly Married, filing separately Head of household Qualifying widow(er) Standard Deduction $ 12,200 24,400 12,200 18,350 24,400 1. Gross income 2. Adjusted gross income 3. Standard deduction or itemized deduction amount 4. Taxable income 30,500 12,200 Bill is a single taxpayer, age 27. In 2019, his salary is $29,000 and he has interest income of $1,500. In addition, he has deductions for adjusted gross income of $2,200 and he has $6,500 of itemized deductions. Calculate the following amounts. Table for the standard deduction Filing Status Single Married, filing jointly Married, filing separately Head of household Qualifying widow(er) Standard Deduction $ 12,200 24,400 12,200 18,350 24,400 1. Gross income 2. Adjusted gross income 3. Standard deduction or itemized deduction amount 4. Taxable income 30,500 12,200
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