Standard deduction for married couples filing jointly: $12,200 Quantitative Problem: Jenna is a single taxpayer with no dependents so she qualifies for one personal exemption. During 2013, she earned wages of $101,000. She doesn't itemize deductions, so she will take the standard deduction and her personal exemption to calculate 2013 taxable income. In addition, during the vear she sold common stock that she had owned for five years for a not profit of \$7,200. How much does Jenna owe to the IRs for taxes? Round your intermediated and final answers to the nearest cent. Quantitative Problem 2: Today, you invest a lump sum amount in an equity fund that provides an 10% annual return. You would like to have $10,600 in 6 years to help with a down payment for a home. How much do you need to deposit today to reach your $10,600 goal? Round your answer to the nearest cent. Do not round intermediate calculations