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based on the 2020 tax brackets Helmer is a 21-year old college student. He is unmarried and lives at home with his parents. His parents

based on the 2020 tax brackets image text in transcribed
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Helmer is a 21-year old college student. He is unmarried and lives at home with his parents. His parents claim Helmer as a dependent. However, Helmer works the beach as a lifeguard and made $15,000 in 2020. In addition, Helmer has $3,000 in interest income. When Helmer files his taxes, what is the amount he should use as his standard deduction? Hannah is unmarried and has no dependents. She has the following expenses paid in 2020. What is the maximum amount Hannah is able to count as taxes for her itemized deductions? Adjusted Gross Income $80,000 State income tax $4,000 $3,000 Sales taxes, including tax on her new car Property taxes $4,500 Federal income taxes $7,000

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