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The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction ( L 0 1 . 3 , 1 . 5 , 1

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The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (L01.3,1.5,1.7)
Wanda is a single 50-year-old taxpayer with no dependents. Her only 2023 income is $42,500 of wages. Calculate her taxable income and her tax liability assuming no tax cred Table for the standard deduction
\table[[Filing Status,Standard Deduction],[Single,$13,850
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