Question
Calculate the amount of the standard deduction the following taxpayer should claim on their 2022 income tax return: Elizabeth is 12 years old and her
Calculate the amount of the standard deduction the following taxpayer should claim on their 2022 income tax return:
Elizabeth is 12 years old and her only income is $1,400 of interest on a savings account. She is claimed as a dependent on her parents tax return
Step by Step Solution
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Step: 1
For the tax year 2022 the standard deduction amount for a dependent is determined as follows ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
