Barry Kline, age 45, is an unmarried taxpayer. During the current tax year he had received wages of $45,000. Barry also paid his ex-wife alimony from a 2021 divorce of $9,000. Barry has no dependents had itemized deductions of $7,500. Compute the amount of his taxable income. Adjusted Gross Income? Standard Deduction? Taxable Income

Taylor, a single taxpayer, has $17,400 AGI. Assume the taxable year is 2023. Use Standard Deduction Table. Required: a. Compute taxable income if Taylor's AGI consists entirely of interest income. Taylor is 19 years old and a dependent of his parents for tax purposes. b. Compute taxable income if Taylor's AGI consists entirely of wage income. Taylor is 19 years old and is considered a dependent of his parents for tax purposes. c. Compute taxable income if Taylor's AGI consists entirely of interest income. Taylor is 70 years old and lives with his grown child who provides more than one-half of Taylor's financial support. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute taxable income if Taylor's AGI consists entirely of interest income. Taylor is 70 years old and lives with his grown child who provides more than one-half of Taylor's financial support. Taxable Income < Required B Required C

Theodore, age 74, and Maureen, age 59, are married taxpayers with two dependents. Their adjusted gross income for the 2020 tax year is $43,600, and they have itemized deductions of $7,800. Determine the following for Theodore and Maureen's 2020 income tax return: ​ a. The greater of the amount of their standard deduction or their itemized deductions b. Their taxable income

Sharon Jones is single. During 2022, she had gross income of $159,800, deductions for AGI of $5,500, itemized deductions of $14,000 and tax credits of $2,000. Sharon had $22,000 withheld by their employer for federal income tax. She has a tax  (due/refund) rounded to the nearest whole dollar of $.