Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
I need these explained because i domt know how to calculate the stabdard deduction. For year 2019 b. Sybil, age 40, is single and supports
I need these explained because i domt know how to calculate the stabdard deduction. For year 2019 b. Sybil, age 40, is single and supports her dependent parents, who live with her. Sybil also supports her grandfather, who lives in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000. AGI $80,000 Less: standard deduction 18,350 Taxable income 61,650 C. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $75,000 and itemized deductions of $10,100. AGI $75,000 Less: standard deduction 24,400 Taxable income 50,600
I need these explained because i domt know how to calculate the stabdard deduction.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started