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Exercise 9-2 (Algorithmic) (LO. 2) Compute the 2023 standard deduction for the following taxpayers: If an amount is zero, enter 0 . Click here
Exercise 9-2 (Algorithmic) (LO. 2) Compute the 2023 standard deduction for the following taxpayers: If an amount is zero, enter " 0 ". Click here to access the Exhibits 9.4 and 9.5 to use. a. Ellie is 15 and claimed as a dependent by her parents. She has $725 in dividend income and $2,560 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 $14,900. c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $540, and her interest income is $785. d. Frazier, age 42 , is married but is filing a separate return. His wife itemizes her deductions
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