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Problem 1-7 The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (L0 1.3 1.5, 1.7) Alicia, age 27, is a single,
Problem 1-7 The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (L0 1.3 1.5, 1.7) Alicia, age 27, is a single, full-time college student. She earns $13,200 from a part-time job and has taxable interest income of $1,450. Her itemized deductions are $845 Table for the standard deduction 2018 Standard Deduction Filing Status Single $12,000 Married, filing jointly 24,000 Married, filing separately 12,000 Head of household 18,000 Qualifying widow(er) Calculate Alicia's taxable income for 2018. 24,000
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