Question: Exercise 8 - 2 ( LO . 2 ) Compute the 2 0 2 4 standard deduction for the following taxpayers: If an amount is

Exercise 8-2(LO.2) Compute the 2024 standard deduction for the following taxpayers: If an amount is zero, enter "0". Click here to access the Exhibits 8.4 and 8.5 to use. a. Ellie is 15 and claimed as a dependent by her parents. She has \(\$ 800\) in dividend income and \$1,400 in wages from a part-time job. b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is \(\$ 10,000\). c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is \(\$ 500\), and her interest income is \(\$ 125\). d. Frazier, age 55, is married but is filing a separate return. His wife itemizes her deductions.
Exercise 8 - 2 ( LO . 2 ) Compute the 2 0 2 4

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