Question:

1.The Tax Formula for Individuals, Filing Status and Tax Computation, Personal and Dependency Exemptions (LO 1.3, 1.5, 1.6)

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

Filing Status	2015 Standard Deduction
Single	$ 6,300
Married, filing jointly	12,600
Married, filing separately	6,300
Head of Household	9,250
Qualifying widow(er)	12,600

Calculate Alicia's taxable income for 2015. $

2.The Tax Formula for Individuals, Filing Status and Tax Computation (LO 1.3, 1.5, 1.6, 1.7)

Ulysses and Penelope are married and file separate returns for 2015. Penelope itemizes her deductions on her return. Ulysses' adjusted gross income was $17,400, his itemized deductions were $2,250, and he is entitled to one exemption.

Click here to access the tax tables.

Calculate Ulysses'income tax liability assuming the couple does not live in a community property state.

$

3.What is the total dollar amount of personal and dependency exemptions which a married couple with one child and $80,000 of adjusted gross income would claim in 2015?