The MOP Partnership earned ordinary income of $135,000 in 2019. The partnership has three equal partners, Martin, Oscar, and Peter Peter, who is single, uses the standard deduction, and has other income of $11,000 (not connected with the partnership) in 2019. He receives a $35,000 distribution from the partnership during the year. What is Peter's taxable income in 2019? (If an input field is not used, leave the input field(s) empty. Do not select a label or enter a zero Assume that the partnership is not eligible for the QBI deduction) (Click the icon to view the standard deduction amounts.) Adjusted gross income (AGI) Minus Deductions from AGI Peter's taxable income Choose from any list or enter any number in the input helds and then click Check Answer All parts showing Clear All Check Answer The MOP Partnership earned ordinary income of $135,000 in 2019. The partnership has three equal partners, Martin, Oscar, and Peter Peter who is single, uses the standard deduction, and has other income of $11,000 (not connected with the partnership) in 2019. He receives a $35.000 distribution from the partnership during the year. What is Peter's taxable income in 2019? (If an input field is not used, leave the input field(s) empty Do not select a label or enter a zero. Assume that the partnership is not eligible for the QBI deduction) Click the icon to view the standard deduction amounts) Allocable share of MOP Partnership income Dividend income Itemized deductions Other taxable income Standard deduction Peter's taxable income Choose from any list or enter any number in the input helds and then click Check Answer All parts showing Clear All Check Answer Reference STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses $ 24,400 Heads of households $ 18.350 Unmarried individuals (other than surviving spouses and heads of households) $ 12.200 Married individuals filing separate returns $ 12.200 Additional standard deduction for the aged and the blind: Individual who is married and surviving spouses $1.300 Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse 51.650 Taxpayer claimed as dependent on another taxpayer's retur: Greater of (1) earned income plus S350 or (2) 51,100. * These amounts are $2,600 and $3 300 respectively for a taxpayer who is both aged and blind AL M P Chl Print Done - X Reference TH M (in ye sel Heads of households $ 18,350 Unmarried individuals (other than surviving spouses and heads of households) $ 12,200 Married individuals filing separate retums $ 12.200 Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses 51 300 Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse $1.650 Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus 5350 or (2) $1,100. * These amounts are $2 600 and 53,300 respectively for a taxpayer who is both aged and blind Personal and Dependency Exemptions Suspended: In conjunction with the increased standard deduction amount the Tax Cuts and Jobs Act reduces the personal exemption amount to 50 for tax years from 2018 through 2025, effectively suspending the exemptions for these years P Ch Print Done All The MOP Partnership earned ordinary income of $135,000 in 2019. The partnership has three equal partners, Martin, Oscar, and Peter Peter, who is single, uses the standard deduction, and has other income of $11,000 (not connected with the partnership) in 2019. He receives a $35,000 distribution from the partnership during the year. What is Peter's taxable income in 2019? (If an input field is not used, leave the input field(s) empty. Do not select a label or enter a zero Assume that the partnership is not eligible for the QBI deduction) (Click the icon to view the standard deduction amounts.) Adjusted gross income (AGI) Minus Deductions from AGI Peter's taxable income Choose from any list or enter any number in the input helds and then click Check Answer All parts showing Clear All Check Answer The MOP Partnership earned ordinary income of $135,000 in 2019. The partnership has three equal partners, Martin, Oscar, and Peter Peter who is single, uses the standard deduction, and has other income of $11,000 (not connected with the partnership) in 2019. He receives a $35.000 distribution from the partnership during the year. What is Peter's taxable income in 2019? (If an input field is not used, leave the input field(s) empty Do not select a label or enter a zero. Assume that the partnership is not eligible for the QBI deduction) Click the icon to view the standard deduction amounts) Allocable share of MOP Partnership income Dividend income Itemized deductions Other taxable income Standard deduction Peter's taxable income Choose from any list or enter any number in the input helds and then click Check Answer All parts showing Clear All Check Answer Reference STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses $ 24,400 Heads of households $ 18.350 Unmarried individuals (other than surviving spouses and heads of households) $ 12.200 Married individuals filing separate returns $ 12.200 Additional standard deduction for the aged and the blind: Individual who is married and surviving spouses $1.300 Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse 51.650 Taxpayer claimed as dependent on another taxpayer's retur: Greater of (1) earned income plus S350 or (2) 51,100. * These amounts are $2,600 and $3 300 respectively for a taxpayer who is both aged and blind AL M P Chl Print Done - X Reference TH M (in ye sel Heads of households $ 18,350 Unmarried individuals (other than surviving spouses and heads of households) $ 12,200 Married individuals filing separate retums $ 12.200 Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses 51 300 Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse $1.650 Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus 5350 or (2) $1,100. * These amounts are $2 600 and 53,300 respectively for a taxpayer who is both aged and blind Personal and Dependency Exemptions Suspended: In conjunction with the increased standard deduction amount the Tax Cuts and Jobs Act reduces the personal exemption amount to 50 for tax years from 2018 through 2025, effectively suspending the exemptions for these years P Ch Print Done All