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QUESTION 18 An individual is a head of household. What is her standard deduction? a. $12,400 b. $24,800 c. $18,350 Od. $18,650 e. None
QUESTION 18 An individual is a head of household. What is her standard deduction? a. $12,400 b. $24,800 c. $18,350 Od. $18,650 e. None of these QUESTION 19 Robert is a single taxpayer who has AGI of $145,000 in 2020; his taxable income is $122,000. What is his federal tax liability for 2020? a. $18,719.00 b. $8,754.00 c. $23,359.50 d. $23,454.50 e. $29,280.00 QUESTION 20 Eugene and Velma are married. For 2020, Eugene earned $25,000 and Velma earned $30,000. They have decided to file separate returns. They have no deductions for adjusted gross income. Eugene's itemized deductions are $14,200 and Velma's are $4,000. Assuming Eugene and Velma do not live in a community property state and Eugene deducts the greater of the standard deduction or itemized deductions, what is Eugene's taxable income? a. $12,600 b. $18,000 c. None of these d. $10,800 e. $21,000
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