Problem $1-11$

The Tax Formula for Individuals, Filing Status and Tax Computation, Qualifying Dependents, The Standard Deduction $($LO $1\mathrm{.}3,1\mathrm{.}5,1\mathrm{.}6,1\mathrm{.}7)$

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?

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b$.$ What is their deduction for personal exemptions?

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c$.$ What is the amount of their taxable income?Multiple Choice $1-14$

Who Must File $($LO $1\mathrm{.}4)$

Ben is a single taxpayer with no dependents and is $32$ years old. What is the minimum amount of income that he must have to be required to file a tax return for $2022?$

: Da$.$ $$12,550$

b$.$ $$12,950$

c$.$ $$4,300$

d$.$ $$12,400$

e$.$ None of these choices are correct.

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$$ Check My Work

be excluded in determining whether the taxpayer must file a return.