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Spike Smith, age 42 and single, maintains a home in which Spike and his father, Slick Smith, reside. Slick Smith is age 98 and blind.
Spike Smith, age 42 and single, maintains a home in which Spike and his father, Slick Smith, reside. Slick Smith is age 98 and blind. Slick's only income for the 2020 is $15.000 in racetrack gambling winnings. Assume that Spike provides less than 50% of Slick's support and cannot claim him as a dependent. What is Slick's standard deduction amount for 2020?
A. $15,700
B. 14,050
C. 15,000
D. 12,400
E. None of the above.
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