Question
Compute the 2 0 2 3 standard deduction for the following taxpayers. If an amount is zero, enter 0 . Click
Compute the standard deduction for the following taxpayers.
If an amount is zero, enter
Click here to access the Exhibits and to use.
a Ellie is and claimed as a dependent by her parents. She has $ in dividends income and $ in wages from a parttime job.
b Ruby and Woody are married and file a joint tax return. Ruby is age and Woody is Their taxable retirement income is $
c Shonda is age and single. She is claimed by her daughter as a dependent. Her earned income is $ and her interest income is $
d Frazier, age is married but is filing a separate return. His wife itemizes her deductions.
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A major component of the tax formula is the standard deduction. The effect of the standard deduction is to exempt part of a taxpay income from Federal income tax liability.
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