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Pl:2-30 (similar to) The following information relates to Frank, a single taxpayer, age 18: E: (Click the icon to view the information.) 5 (Click the
Pl:2-30 (similar to) The following information relates to Frank, a single taxpayer, age 18: E: (Click the icon to view the information.) 5 (Click the icon to view the standard de Read the requirements. Requirement a. Compute Frank's taxable income assuming he is self-supporting. (Complete all input fields. For amounts of zero or less, enter "0" in the appropriate cell.) 0 Reference Adjusted gross income Minus: STANDARD DEDUCTION Taxable income i Data Table Filing Status Married individuals filing joint returns and surviving spouses $ Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind Individual who is married and surviving spouses Individual who is unmarried and not a surviving spouse Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,050. 24,000 18,000 12,000 12,000 $ Salary Taxable interest income 2,200 1,600 700 1,300 * 1,600 * Itemized deductions * These amounts are $2,600 and $3,200, respectively, for a taxpayer who is both aged and blind. Print Done Print Done
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