Question
Compute the 2020 standard deduction for the following taxpayers. 1. Ellie is 15 and claimed as a dependent by her parents. She has $1,200 in
Compute the 2020 standard deduction for the following taxpayers.
1. Ellie is 15 and claimed as a dependent by her parents. She has $1,200 in dividends income and $3,880 in wages from a part-time job.
2. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $11,520.
3. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $300, and her interest income is $650.
4. Frazier, age 38, is married but is filing a separate return. His wife itemizes her deductions.
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