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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.
- 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.
- 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.
- 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.
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