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Jack Bennett is married but does not file a joint return with his spouse. He is 36 years of age and has excellent vision. Bennett
Jack Bennett is married but does not file a joint return with his spouse. He is 36 years of age and has excellent vision. Bennett and his wife share custody of their 10-year-old son. They have lived in separate households since May 2016. Bennett is not the custodial parent, but his wife has signed Form 8332 giving him the dependency exemption. Bennetts AGI is $63,440 (primarily wages) and he uses the standard deduction. His employer withheld $8,000 for federal income taxes during the year. Through his employer, Jack buys his health insurance. He complies with the ACA mandate for the entire year. Compute Bennetts 2016 taxable income and taxes owed (to be refunded).
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