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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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