Question
Herb and Alice are married and file a joint return. Herb is 7 5 years old and Alice turns 7 3 in February 2 0
Herb and Alice are married and file a joint return. Herb is 5 years old and Alice turns 3 in February Neither are bilna.
Both Herb and Alice are retired. Herb works part time as a greeter.
Alice is confused about the Required Minimum Distribution rules, and wants to know when she should take her first distribution from her IRA.
Herb earned $ in wages and has fully taxable pension income of $ The couple also received Social Security benefits of $ They received no other income in
Herb and Alice's grandson, Stuart, lives with them while he attends the local university. Stuart is a fulltime student, and is claimed as a dependent by his parents.
Herb, Alice and Stuart are US citizens, lived in the United States all year, and have valid Social Security numbers.
What is Herb and Alice's standard deduction?
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2015
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
33rd Edition
9781305177772, 128543952X, 1305177770, 978-1285439525
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