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Mr. Garrett, a single taxpayer, has $15,700 AGI. Assume the taxable year is 2019. Use Standard Deduction Table. Compute his taxable income if Mr. Garretts

Mr. Garrett, a single taxpayer, has $15,700 AGI. Assume the taxable year is 2019. Use Standard Deduction Table.

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  1. Compute his taxable income if Mr. Garretts AGI consists entirely of interest income. He is 19 years old and is considered a dependent of his parents for tax purposes.
  2. Compute his taxable income if Mr. Garretts AGI consists entirely of wage income. He is 19 years old and is considered a dependent of his parents for tax purposes.
  3. Compute his taxable income if Mr. Garretts 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.
Married filing jointly and surviving spouses Married filing separately Head of household Single $24,400 12,200 18,350 12,200

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