Mrs Norman has the following sources of income Social security benefits $10,000 Interest income 5,000 Dividend income 5,000 Tax exempt interest income 14,000 Mrs Norman is 68 years of age, a widow Determine her additional standard deduction ...

Statement showing computations Particulars Amount Interest Income 500000 Divide ...

Mrs. Norman has the following sources of income: Social security benefits $10,000 Interest income 5,000 Dividend income

Question:

Mrs. Norman has the following sources of income: Social security benefits $10,000 Interest income 5,000 income 5,000 Tax-exempt interest income 14,000 Mrs. Norman is 68 years of age, a widow.
Determine her additional standard deduction.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...