The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (LO 1.3, 1.5, 1.8)

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	Standard Deduction
Single	$12,400
Married, filing jointly	24,800
Married, filing separately	12,400
Head of household	18,650
Qualifying widow(er)	24,800

Calculate Alicia's taxable income for 2020.