Question: Need help with incorrect answer please! Compute the 2022 standard deduction for the following taxpayers. If an amount is zero, enter 0 . Click
Need help with incorrect answer please!
Compute the 2022 standard deduction for the following taxpayers. If an amount is zero, enter " 0 ". Click here to access the Exhibits 3.4 and 3.5 to use. a. Ellie is 15 and claimed as a dependent by her parents. She has $600 in dividends income and $2,560 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 $11,585. c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $510, and her interest income is $200. d. Frazier, age 34 , is married but is filing a separate return. His wife itemizes her deductions. Feedback V Check My Work A major component of the tax formula is the standard deduction. The effect of the standard deduction is to exempt part of income from Federal income tax liability
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