Taylor, a single taxpayer, has $$17,400$ AGI. Assume the taxable year is $2023.$ Use Standard Deduction Table.

Required:

a$.$ Compute taxable income if Taylor's AGI consists entirely of interest income. Taylor is $19$ years old and a dependent of his parents for

tax purposes.

b$.$ Compute taxable income if Taylor's AGI consists entirely of wage income. Taylor is $19$ years old and is considered a dependent of

his parents for tax purposes.

c$.$ Compute taxable income if Taylor's AGI consists entirely of interest income. Taylor is $70$ years old and lives with his grown child who

provides more than one$-$half of Taylor's financial support.

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Compute taxable income if Taylor's AGI consists entirely of interest income. Taylor is $70$ years old and lives with his grown

child who provides more than one$-$half of Taylor's financial support.

Taxable Income