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Problem 3-28 (LO. 1) Compute 2017 taxable income in each of the following independent situations. The personal exemption amount for 2017 is $4,050. Click here

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Problem 3-28 (LO. 1) Compute 2017 taxable income in each of the following independent situations. The personal exemption amount for 2017 is $4,050. Click here to access the standard deduction table to use if required. a. Drew and Meg, ages 40 and 41, respectively, are married and fle a joint return. In addition to four dependent children, they have AGI of $65,000 and itemized deductions of $15,000. AGI Less: Less: personal and dependency exemptiones Taxable income $65,000 b. Sybil, age 40, is single and supports her dependent parents, who live with her. Sybil also supports her grandfather, who lives in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000 AGI $80,000 Less: personal and dependency exemptions Taxable income c. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $75,000 and itemized deductions of $10,100 $75,000 All work saved Cell Phones c. Scott, age 49, is a surviving spouse. His household indudes two unmarried stepsons who qualify as his dependents. He has AGI of $75,000 and itemized deductions of $10,100, $75,000 AGI Less Less: personal and dependency exemptions Taxable income d. Amelia, age 33, Is an abandoned spouse and maintains a household for her three dependent children. She has AGI of $58,000 and nenized dedu tions of $9,500 ) $58,000 Less: Less: personal and dependency exemptions Taxable income e. Dale, age 42, is divorced but maintains the home in which he and his daughter, Jau, live. Dale has AGI of $64,000 and Remized deductions of $9,900. single and qualifies as Dale's dependent. 64,000 Cell Phones

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