Mr. Garrett, a single taxpayer, has $16,700 AGI. Assume the taxable year is 2021. Use Standard Deduction Table.

Married filing jointly and surviving spouses$25,100

Married filing separately12,550

Head of household18,800

Single12,550

Required:

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.