Determine the amount of the standard deduction allowed for 2022 in the following independent situations. In each

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Determine the amount of the standard deduction allowed for 2022 in the following independent situations. In each case, assume that the taxpayer is claimed as another person’s dependent.

a. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,800 from repairing cars.

b. Mattie, age 18, has income as follows: $600 cash dividends from investing in stock and $4,700 from working as a lifeguard at a local pool.

c. Jason, age 16, has income as follows: $675 interest on a bank savings account and $800 for painting a neighbor’s fence.

d. Ayla, age 15, has income as follows: $400 cash dividends from a stock investment and $500 from grooming pets.

e. Sarah, age 67 and a widow, has income as follows: $500 from a bank savings account and $3,200 from babysitting.

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South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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