27. LO.1 Compute the taxable income for 2020 in each of the following independent situations: a. Drew and Meg, ages 40 and 41, respectively, are married and file a joint retum In addition to four dependent children, they have AGI of $125,000 and itemized deductions of $27,000. b. Sybil, age 40, is single and supports her dependent parents who live with her as well as her grandfather who is in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000. c. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $75,000 and itemized deductions of $10,100. d. Amelia, age 33, is an abandoned spouse who maintains a household for her three dependent children. She has AGI of $58,000 and itemized deductions of $10,650. e Dale, age 42, is divorced but maintains the home in which he and his daughter, Jill, live. Jill is single and qualifies as Dale's dependent. Dale has AGI of 561,000 and itemized deductions of $9,900. Note: Problems 28 and 29 can be solved by referring to Concept Summary 3.1. Exhibits 3.1 through 3.5, and the discussion under Deductions for Adjusted Groes Income in this chapter. 28. LO.1,8 Compute the taxable income for 2020 for Emily on the last of the follow- ing information. Her filing status is single. 1:31 PM 30. LO.2 Determine the amount of the standard deduction allowed for 2020 in the following independent situations. In each case, assume that the taxpayer is claimed as another person's dependent a. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600 from repairing cars. b. Mattie, age 18, has income as follows: $600 cash dividends from a stock invest- ment and $4,700 from handling a paper route. Jason, age 16, has income as follows: $675 interest on a bank savings account and $800 for painting a neighbor's fence. d. Ayla, age 15, has income as follows: $400 cash dividends from a stock invest- ment and $500 from grooming pets. e Sarah, age 67 and a widow, has income as follows: $500 from a bank savings account and $3,200 from babysitting. 1:31 PM 27. LO.1 Compute the taxable income for 2020 in each of the following independent situations: a. Drew and Meg, ages 40 and 41, respectively, are married and file a joint retum In addition to four dependent children, they have AGI of $125,000 and itemized deductions of $27,000. b. Sybil, age 40, is single and supports her dependent parents who live with her as well as her grandfather who is in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000. c. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $75,000 and itemized deductions of $10,100. d. Amelia, age 33, is an abandoned spouse who maintains a household for her three dependent children. She has AGI of $58,000 and itemized deductions of $10,650. e Dale, age 42, is divorced but maintains the home in which he and his daughter, Jill, live. Jill is single and qualifies as Dale's dependent. Dale has AGI of 561,000 and itemized deductions of $9,900. Note: Problems 28 and 29 can be solved by referring to Concept Summary 3.1. Exhibits 3.1 through 3.5, and the discussion under Deductions for Adjusted Groes Income in this chapter. 28. LO.1,8 Compute the taxable income for 2020 for Emily on the last of the follow- ing information. Her filing status is single. 1:31 PM 30. LO.2 Determine the amount of the standard deduction allowed for 2020 in the following independent situations. In each case, assume that the taxpayer is claimed as another person's dependent a. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit and $12,600 from repairing cars. b. Mattie, age 18, has income as follows: $600 cash dividends from a stock invest- ment and $4,700 from handling a paper route. Jason, age 16, has income as follows: $675 interest on a bank savings account and $800 for painting a neighbor's fence. d. Ayla, age 15, has income as follows: $400 cash dividends from a stock invest- ment and $500 from grooming pets. e Sarah, age 67 and a widow, has income as follows: $500 from a bank savings account and $3,200 from babysitting. 1:31 PM