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Exemption Deduction. (Obj. 4) Megan files as a single taxpayer. She claims one personal exemption and one dependent. Compute Megans 2016 exemption deduction if her

Exemption Deduction. (Obj. 4) Megan files as a single taxpayer. She claims one

personal exemption and one dependent. Compute Megans 2016 exemption deduction if

her AGI is: a. $289,700.

b. $392,600.

c. $182,950.

18. Exemptions and Taxable Income. (Objs. 1 and 4) John and Jamie Kerr (ages

67 and 64, respectively) do not claim any dependents on their joint tax return. Both

have good vision. Compute their 2016 taxable income if the Kerrs use the standard

deduction and their AGI is $363,380

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