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Compute the standard deduction for the following taxpayers. If an amount is zero, enter 0. Please show solutions. a. Margie is 15 and claimed as

Compute the standard deduction for the following taxpayers.

If an amount is zero, enter "0". Please show solutions.

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a. Margie is 15 and claimed as a dependent by her parents. She reports $1,100 in dividends income and $3,920 in wages from a part-time job.

b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $11,975.

c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $570, and her interest income is $335.

d. Frazier, age 48, is married but is filing a separate return. His wife Emma itemizes her deductions.
Basic Standard Deduction Amounts Filing Status 2018 Single $12,000 Married, filing jointly 24,000 Surviving spouse 24,000 18,000 Head of household Married, filing separately 12,000

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