Question: Exercise 9-2 (Algorithmic) (LO. 2) Compute the standard deduction for the following taxpayers. If an amount is zero, enter O. Click here to access the
Exercise 9-2 (Algorithmic) (LO. 2) Compute the standard deduction for the following taxpayers. If an amount is zero, enter "O". Click here to access the standard deduction table to use. 1,750 X 15,100 X a. Ellie is 15 and claimed as a dependent by her parents. She has $2,000 in dividend income and $2,840 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 $16,070. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $600, and her interest income is $335. d. Frazier, age 42, is married but is filing a separate return. His wife itemizes her deductions. C. 2,600 x 0 today for your iPhone or Android. Exhibit 9.4 Amount of Each Additional Standard Deduction 2018 2019 $1,600 $1,650 1,300 1,300 Filing Status Single Married, filing jointly Surviving spouse Head of household Married, filing separately 1,300 1,300 1,600 1,650
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