Alex is single. Alex has $20,000 of wages and $3,000 of interest income. What is Alexs standard

Fantastic news! We've Found the answer you've been seeking!

Question:

Alex is single. Alex has $20,000 of wages and $3,000 of interest income. What is Alex’s standard deduction for 2020?

What is the amount of standard deduction for Abigale Adams in 2020, a divorced parent, who fully supports her five-year-old daughter, Betty? Betty lives with Abigale.

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0137030385

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

See More Books

Posted Date: Aug 24, 2021 04:51 AM

See More Questions

Alex is 31 years old and has lived in Los Alamos, New Mexico, for the last four years where he works at the Los Alamos National Laboratory (LANL). LANL provides employees with a 401(k) plan and for...
Alex Kaufman has owned his jewelry store for five years. He has a number of products that have sold well and others that stay on the shelves until he runs a major sale with price cuts that cause him...
Betty Ellis and her husband, W.g. Ellis, issued a promissory note to the Standard Finance Co. in the amount of $ 2,800. After receiving the note, Standard issued a check to the couple for $ 2,800....
Alton division (A) and Birmingham division (B) are two manufacturing divisions of Conglom plc. Both of these divisions make a single standardized product; A makes product I and B makes product J....
A major issue facing the Federal Aviation Administration is congestion in the airways caused by too many planes seeking to take off or land at peak times at high-demand airports. How might we solve...
Determine the moment of inertia and the radius of gyration of the shaded area shown with respect to the x axis. y =-mx y =mx. y=-kr y= kr3
On the fifth floor of the physics building, you are in a laboratory class studying induction. You are using a computer to measure emf values from a solenoid when suddenly a thunderstorm breaks out....
Nelcro Companys Electrical Division produces a high-quality transformer. Sales and cost data on the transformer follow: Selling price per unit on the outside market . . . . . . . $40 Variable costs...
1 What is HRM? Explain the Functions of HRM? 2 What is HRP? Explain the process of HRP? 3 4 5 6 7 What is Recruitment? Explain the factors affecting Recruitment. What are the different Sources of...
Product mix and overtime decisions Excel Corporation manufactures three products at its plant. The plant capacity is limited to 120,000 machine hours per year on a single-shift basis. Direct material...
You are a financial manager at Cisco and are trying to assess the following project. The project will require a $70 million initial investment and will generate free cash flows in years 1-5 as shown...
By making use of relevant examples, describe the four areas in which business logistics strategy, tactics and operations can enhance the long - term wealth of a business?
A) Assuming that there are only 2 airline companies in the U.S. flying between Newark and Miami, Delta and Continental, what is the ((Nash) Equilibrium) or price that each company in the following...
Briefly describe two (2) ways in which supervision could be used to help you address the situations or issues identified in your responses4.3(a) and/or 4.6(a),and help you maintain competence in...
Differentiate between the following pairs of concepts: (a) Probability and non-probability sampling (10 marks) (b) Exploratory research and causal research (10 marks)
Refer to Figure 15-5. Suppose the economy is in short-run equilibrium above potential GDP, the unemployment rate is very low, and wages and prices are rising. Using the static AD-AS model in the...
Read all of the directions for Part I and Part II carefully before you start your work. Note: The groups referred to in this course are task groups where group communication roles are played to...
a. Determine the domain and range of the following functions.b. Graph each function using a graphing utility. Be sure to experiment with the window and orientation to give the best perspective of the...
Carlisle Carpet Corporation (CCC) is a manufacturer of broadloom carpeting, located in Winnipeg, Manitoba. The company enjoys a good reputation for its product, but unfortunately has not been very...
Terrace Ltd., a manufacturer of motorcycles located in Burnaby, British Columbia, successfully negotiated a contract to sell 100 small motorcycles to the police department of Fairbanks, Alaska. The...
How is goodwill arising from a business combination accounted for in years following the combination?
Test for misspecification using RESET.
a. Show that the mean-squared forecast error $E\left[\left(\hat{y}_{T+1}-y_{T+1} ight)^{2} \mid I_{T} ight]$ for a forecast $\hat{y}_{T+1}$, that depends only on past information $I_{T}$, can...
Consider the AR(1) model $y_{t}=\delta+\theta y_{t-1}+e_{t}$ where $|\theta|)=0$ and $\operatorname{var}\left(e_{t} \mid I_{t-1} ight)=\sigma^{2}$. Let \(\bar{y}_{-1}=\sum_{t=2}^{T} y_{t}...

Alex is single. Alex has $20,000 of wages and $3,000 of interest income. What is Alexs standard

Question:

Expert Answer:

For the year 2020 Standard deductions are as follows Status Standard de... View the full answer

Advanced Financial Accounting

Students also viewed these accounting questions