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Problem 1 - 1 1 The Tax Formula for Individuals, Filing Status and Tax Computation, Qualifying Dependents, The Standard Deduction ( LO 1 . 3

Problem 1-11
The Tax Formula for Individuals, Filing Status and Tax Computation, Qualifying Dependents, The Standard Deduction (LO 1.3,1.5,1.6,1.7)
Jackson and Peggy do not have any dependents.
Table for the standard deduction
If an amount is zero, enter "0".
a. What is the amount of their adjusted gross income?
s
b. What is their deduction for personal exemptions?
c. What is the amount of their taxable income?
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