Question
Tax Drill - Computing the Standard Deduction Compute the 2023 standard deduction for the following taxpayers. If an amount is zero, enter 0.
Tax Drill - Computing the Standard Deduction\ \ Compute the 2023 standard deduction for the following taxpayers. If an amount is zero, enter "0".\ \ Click here to access the standard deduction table to use.\ a. Margie is 15 and claimed as a dependent by her parents. She has $800 in dividend income and $1,400 in wages from a part-time job. $fill in the blank 1\ 1,800\ b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $26,000. $fill in the blank 2\ 30,700\ c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $500, and her interest income is $125. $fill in the blank 3\ 3,100\ d. Frazier, age 55, is married but is filing a separate return. His wife itemizes her deductions. $fill in the blank 4\ 0
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