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Problem 1-6 The Tax Formula for Individuals, Filing Status and Tax Computation (LO 1.3, 1.5, 1.7) Ulysses and Penelope are married and file separate returns

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Problem 1-6 The Tax Formula for Individuals, Filing Status and Tax Computation (LO 1.3, 1.5, 1.7) Ulysses and Penelope are married and file separate returns for 2018. Penelope itemizes her deductions on her r $17,400, his itemized deductions were $2,250 and he is entitled to one exemption. Neither have any dependent Table for the standard deduction Filing Status 2018 Standard Deduction Single $ 12,000 Married, filing jointly 24,000 Married, filling separately 12,000 Head of household 18,000 Qualifying widow(er) 24,000 Click here to access the tax tables. Calculate Ulysses' income tax liability assuming the couple does not live in a community property state. 1,631

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