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1. Spouses Bill and Betty Baker, ages 78 and 69, maintain and reside in a home in which Betty's mother, Bertha, also lives. Bertha age
1. Spouses Bill and Betty Baker, ages 78 and 69, maintain and reside in a home in which Betty's mother, Bertha, also lives. Bertha age 92 and blind, with zero gross income. Bill and Betty provide 100% of Bertha's support. What standard deduction will Bill and Betty claim on their 2019 joint federal income tax return? $27,000 B 24,400 C 28,300 D 29,600 E None of the above 2. Thomas Taylor, who was injured in an automobile accident caused by another driver, received $10,000 from the other driver's insurance company to cover medical bills related to his injuries, $4,000 in damages because of the injury, and $15,000 in in punitive damages, all in 2019. Thomas also earned $5,000 from a part-time job prior to the accident, received $900 of municipal bond interest income from the City of Richmond, and collected $2,000 in workman's compensation from an unrelated injury suffered while working at the part-time job, all during 2019. What is Thomas's adjusted gross income for the year? A $ 22,000 B 20,000 C 24,000 D 5,000
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