Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Olivia is single, 66 years old, and not blind. She paid all the cost of keeping up her home. She earned $55,000 in wages for

  • Olivia is single, 66 years old, and not blind.
  • She paid all the cost of keeping up her home. She earned $55,000 in wages for 2019.
  • Olivia provided all the support for her two grandchildren who lived with her all year. Cora is 11 years old and Jack is 15 years old.
  • She does not have enough deductions to itemize.
  • Olivia, Cora, and Jack are all U.S. citizens with valid Social Security numbers.

1. What is the amount of Olivia's standard deduction?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions