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LO . 1 Compute the taxable income for 2 0 2 3 in each of the following independent situations: a . Aaron and Michele, ages

LO.1 Compute the taxable income for 2023 in each of the following independent situations:
a. Aaron and Michele, ages 40 and 41, respectively, are married and file a joint return. In addition to four dependent children, they have AGI of $125,000 and itemized deductions of $29,000.
b. Sybil, age 40, is single and supports her dependent parents who live with her, as well as her grandfather who is in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000.
c. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $76,800 and itemized deductions of $10,100.
d. Amelia, age 33, is an abandoned spouse who maintains a household for her three dependent children. She has AGI of $58,000 and itemized deductions of $10,650.
e. Chang, age 42, is divorced but maintains the home in which he and Lei, his daughter, live. Lei is single and qualifies as Chang's dependent. Chang has AGI of $65,400 and itemized deductions of $14,200.
Note: Problems 28 and 29 can be solved by referring to Concept Summary 3.1, Exhibits 3.1 through 3.5, and the discussion under Deductions for Adjusted Gross Income in this chapter.
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