Question
W is a full-time student and is claimed by his parents as a dependent. During 2017, he had tax-exempt interest income of $1,500 and wages
W is a full-time student and is claimed by his parents as a dependent. During 2017, he had tax-exempt interest income of $1,500 and wages of $2,300. He also had records supporting the itemized deductions of $75. Calculate How much is the standard deduction for W?
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Fundamentals Of Taxation 2018
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