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30. LO.2 Determine the amount of the standard deduction allowed for 2018 in the following independent situations. In each case, assume that the taxpayer a.
30. LO.2 Determine the amount of the standard deduction allowed for 2018 in the following independent situations. In each case, assume that the taxpayer a. Curtis, age 18, has income as follows: $700 interest from a certificate of deposit b. Mattie, age 18, has income as follows: $600 cash dividends from a stock invest- c. Jason, age 16, has income as follows: $675 interest on a bank savings account d. Ayla, age 15, has income as follows: $400 cash dividends from a stock invest- e. Sarah, age 67 and a widow, has income as follows: $500 from a bank savings is claimed as another person's dependent. and $12,200 from repairing cars. ment and $4,700 from handling a paper route. and $800 for painting a neighbor's fence. ment and $500 from grooming pets. account and $3,200 from babysitting
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