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Computation of taxable income. Tax Year 2018. The following information relates to Tom, a single taxpayer age 18: Salary $ 1,800 Taxable interest income 1,600
Computation of taxable income. Tax Year 2018.
The following information relates to Tom, a single taxpayer age 18:
Salary $ 1,800
Taxable interest income 1,600
Itemized Deductions 600
a) Compute Tom's taxable income assuming he is self-supporting.
b) Compute Tom's taxable income assuming he is a dependent of his parents.
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