Problem $1-12$

The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction $($LO $1\mathrm{.}3,1\mathrm{.}5,1\mathrm{.}7)$

Wanda is a single $50-$year$-$old taxpayer with no dependents. Her only $2023$ income is $$42,500$ of wages. Calculate her taxable income and her tax liability assuming no tax credits.

Table for the standard deduction

$\backslash$table$[[$Filing Status,Standard Deduction$],[$Single$,$$$13,850$