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Problem 1 - 8 The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction ( LO 1 . 3 , 1 .

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Problem 1-8
The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (LO 1.3,1.5,1.7)
Alicia, age 27, is a single, full-time college student. She earns $14,200 from a part-time job and has taxable interest income of $1,450. Her itemized deductions are $925.
Table for the standard deduction
\table[[Filing Status,Standard Deduction],[Single,$13,850
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