# Compute the 2022 standard deduction for the following taxpayers. a. Ellie is 15 and claimed as a dependent by her

## Question:

Compute the 2022 standard deduction for the following taxpayers.

a. Ellie is 15 and claimed as a dependent by her parents. She has \$800 in dividend income and \$1,400 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 \$10,000.

c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is \$500, and her interest income is \$125.

d. Frazier, age 55, is married but is filing a separate return. His wife itemizes her deductions.

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Related Book For

## South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

Question Details
Chapter # 3- Tax Formula and Tax Determination; An Overview of Property Transactions
Section: Discussion Questions
Problem: 21
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