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Problem 1 - 1 2 The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction ( L 0 1 . 3 ,

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Problem 1-12
The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (L01.3,1.5,1.7)
Wanda is a single 50-year-old taxpayer with no dependents. Her only 2023 income is $42,500 of wages. Calculate her taxable income and her tax liability assuming no tax credits.
Table for the standard deduction
\table[[Filing Status,Standard Deduction],[Single,$13,850
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