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Exercise 9-2 (Algorithmic) (LO. 2) Compute the standard deduction for the following taxpayers. If an amount is zero, enter O. Click here to access the
Exercise 9-2 (Algorithmic) (LO. 2) Compute the standard deduction for the following taxpayers. If an amount is zero, enter "O". Click here to access the standard deduction table to use. 3,225 x 27,400 x a. Ellie is 15 and claimed as a dependent by her parents. She has $1,075 in dividend income and $1,800 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 $11,715. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $360, and her interest income is $650. d. Frazier, age 40, is married but is filing a separate return. His wife itemizes her deductions. c. 2,900 x 0
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