Question: Standard Deduction. (Obj. 3) Compute each taxpayers 2020 total standard deduction. a) Bryce, age 20, is a full-time student. His parents claim him as a
Standard Deduction. (Obj. 3) Compute each taxpayers 2020 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 Bryces wages are $6,500.
c) Heather, age 66, is married and files separate return. Her husband also uses the standard deduction on his return.
d) Juliet, age 19, is blind and claimed as a dependent by her parents. Her only income is $5,200 of taxable interest.
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