Calculate the amount of the standard deduction the following taxpayer should claim on their 2022 income tax

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Calculate the amount of the standard deduction the following taxpayer should claim on their 2022 income tax return:

Elizabeth is 12 years old and her only income is $1,400 of interest on a savings account. She is claimed as a dependent on her parents tax return

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Aug 29, 2023 05:09 AM

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Calculate the amount of the standard deduction the following taxpayer should claim on their 2022 income tax

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For the tax year 2022 the standard deduction amount for a dependent is determined as follows ... View the full answer

Income Tax Fundamentals 2013

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