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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 return. Ulysses' adjusted gross income $17,400, his itemized deductions were $2,250 and he is entitled to one exemption. Neither have any dependents. Table for the standard deduction Filing Status Single 2018 Standard Deduction $ 12,000 Married, filing jointly 24,000 Married, filing separately 12,000 Head of household 18,000 24,000 Qualifying widow(er) Click here to access the tax tables. Calculate Ulysses' income tax liability assuming the couple does not live in a community property state

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