Question: Standard Deduction. (obj. 3) Compare each taxpayer's 2016 total standard deduction. a. Bryce, age 20, is a full-time student. His parents claim him as a

Standard Deduction. (obj. 3) Compare each taxpayer's 2016 total standard deduction.

a. Bryce, age 20, is a full-time student. His parents claim him as a dependent. bryce has interest income of $320 and wages from a part-time job of $3,800.

b. Same as in part a., except that bryce's wages are $6,500.

c. Heather, age 66, is married and files a seperate return. Her husband also uses the standard deduction on his return.

d. Julier, age 19, is blind and claimed as a dependat by her parents. Her only income is $5,200 of taxable interest.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!