Compute the 2023 standard ded
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter9: Individuals As Taxpayers
Section: Chapter Questions
Problem 2CE
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Transcribed Image Text:Compute the 2023 standard deduction for the following taxpayers:
If an amount is zero, enter "0".
Click here to access the Exhibits 9.4 and 9.5 to use.
a. Ellie is 15 and claimed as a dependent by her parents. She has $1,250 in dividend
income and $1,760 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 $11,390.
Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her
earned income is $270, and her interest income is $245.
d. Frazier, age 34, is married but is filing a separate return. His wife itemizes her
deductions.
C.
2,160
27700
3,100
0
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