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Married filing jointly and surviving spouses Married filing separately Head of household Single $24,800 12,400 18,650 12,400 Mr. Garrett, a single taxpayer, has $14,800 AGI.
Married filing jointly and surviving spouses Married filing separately Head of household Single $24,800 12,400 18,650 12,400 Mr. Garrett, a single taxpayer, has $14,800 AGI. Assume the taxable year is 2020. Use Standard Deduction Table. Required: a. Compute his taxable income if Mr. Garrett's AGI consists entirely of interest income. He is 19 years old and is considered a dependent of his parents for tax purposes. b. Compute his taxable income if Mr. Garrett's AGI consists entirely of wage income. He is 19 years old and is considered a dependent of his parents for tax purposes. c. Compute his taxable income if Mr. Garrett's AGI consists entirely of interest income and he lives with his son who provides more than one-half of his financial support. He is 70 years old. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute his taxable income if Mr. Garrett's AGI consists entirely of interest income and he lives with his son who provides more than one-half of his financial support. He is 70 years old. Taxable income $ 12,400
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