1).

Compute the 2022 standard deduction for the following taxpayers. Please note that the taxpayers may not need to file a tax return if so, please indicate this in your answer.

1. Margie is 15 and claimed as a dependent by her parents. She reports $800 in dividends income and $1,400 in wages from a part-time job.
2. 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.
3. 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.
4. Frazier, age 55, is married but is filing a separate return. His wife Emma itemizes her deductions.

2).

Compute 2022 taxable income in each of the following independent situations:

1. Drew and Meg, ages 40 and 41 respectively, are married and file a joint return. In addition to four dependent children, they have AGI of $125,000 and itemized deductions of $27,000.

Taxable Income = $125,000 $27,000 = $98,000

1. Sybil, age 40, is single and supports her dependent parents, who live with her. Sybil also supports her grandfather, who lives in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000.

1. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons (age 15 and 19) who qualify as his dependents. He has AGI of $75,000 and itemized deductions of $10,100.

1. Amelia, age 33, is an abandoned spouse. She alone maintains a household for her three dependent children. She has AGI of $58,000 and itemized deductions of $10,650.

1. Dale, age 42, is divorced but maintains the home in which he and his daughter, Jill, live. Jill is single and is 26 years old. She does not work. Dale has AGI of $64,000 and itemized deductions of $9,900.

3).

Determine the amount of the 2022 standard deduction allowed in the following independent situations. In each case, assume that the taxpayer is claimed as another persons dependent. Please note that the taxpayers may not need to file a tax return if so, please indicate this in your answer.

1. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,800 from repairing cars.
2. Mattie, age 18, has income as follows: $600 cash dividends from a stock investment and $4,700 from working as a lifeguard at a local pool.
3. Mel, age 16, has income as follows: $675 interest on a bank savings account and $800 for painting a neighbors fence.
4. Lucy, age 15, has income as follows: $400 cash dividends from a stock investment and $500 from grooming pets.
5. Sarah, age 67 and a widow, has income as follows: $500 from a bank savings account and $3,200 from babysitting.

4). Mason and his wife Madison have been married for five years. Jaxon, who is 18 years old and unrelated to Mason and Madison, has been living with Mason and Madison for the last two years. In May of year 1, Mason and Madison divorced. Mason and Jaxon stayed in the home and Madison moved out. During year 2, Mason provided all of Jaxon's support and Jaxon lived in the home for all of year 2. Jaxon did not earn any income during year 2. What is Mason's most favorable filing status for year 2?

a. Single.

b. Married filing separately.

c. Surviving spouse.

d. Head of household.

5).

Compute the 2022 tax liability (after any available credits) for Charlotte. Please indicate what tax credits and how much, if any, would be available to Charlotte. Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children (ages 4, 8, 11, and 14) who live with her. Charlotte also maintains the household in which her parents live, and she furnished 60% of their support. Charlottes father received $2,400 from a part-time job, as well as interest on City of Miami bonds in the amount of $5,500. Charlotte earns $80,000 salary, has a short-term capital loss of $2,000, and won a cash-prize of $4,000 at a church raffle. Charlotte reports itemized deductions of $10,500.

6).

Christopher died in 2020 and is survived by his wife, Chloe, and their 18-year old son, Dylan. Chloe is the executor of Christophers estate and maintains the household in which she and Dylan live. All of their support is furnished by Chloe, and Dylan saves his earnings. Dylans earnings and student status for 2020 to 2022 are as follows:

2020: Earnings = $5,000; Has student status

2021: Earnings = $7,000; Does not have student status

2022: Earnings = $6,000; Has student status

What is Chloes filing status for 2020, 2021, and 2022?

7). Jane and Ed Rochester are married with a two-year-old child who lives with them and whom they support financially. In 2022, Ed and Jane realized the following items of income and expense:

Item	Amount
Ed's Salary	$	35,000
Jane's Salary		34,400
Municipal bond interest income		400
Alimony paid to Janes ex-husband (assume divorce occurred in current year)		(7,000	)
Real property tax		(10,000	)

Their employers withheld $1,800 in taxes from their paychecks (in the aggregate). What are the couple's taxes due or tax refund?