Sam and Abby are dependents of their parents, and each earns gross income of $2,100 for the
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Sam and Abby are dependents of their parents, and each earns gross income of $2,100 for the year. Sam’s standard deduction for the year is $1,100, and Abby’s is $2,450. Because their income is the same, what causes the difference in the amount of the standard deduction?
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Sams 2100 is unearned income Thus he is ...View the full answer
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Related Book For 
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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