Question

In: Accounting

Determine the amount of the standard deduction for each of the following taxpayers for tax year...

Determine the amount of the standard deduction for each of the following taxpayers for tax year 2019:

  1. Christina, who is single.
  2. Adrian and Carol, who are filing a joint return. Their son is blind.
  3. Peter and Elizabeth, who are married and file separate tax returns. Elizabeth will itemize her deductions.
  4. Karen, who earned $1,100 working a part-time job. She can be claimed as a dependent by her parents.
  5. Rodolfo, who is over 65 and is single.
  6. Bernard, who is a nonresident alien with U.S. income.
  7. Manuel, who is 70, and Esther, who is 63 and blind, will file a joint return.
  8. Herman, who is 75 and a qualifying widower with a dependent child.
Standard deduction
a. $12,200
b. $24,400
c. $0
d. $1,450
e. $13,850
f. $0
g. $27,000
h. ????????

Solutions

Expert Solution

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Determine the amount of the standard deduction for each of the following taxpayers for tax year...
Determine the amount of the standard deduction for each of the following taxpayers for tax year 2017: Christina, who is single. Adrian and Carol, who are filing a joint return. Their son is blind. Peter and Elizabeth, who are married and file separate tax returns. Elizabeth will itemize her deductions. Karen, who earned $1,100 working a part-time job. She can be claimed as a dependent by her parents. Rodolfo, who is over 65 and is single. Bernard, who is a...
determine the amount of the standard deduction for each of the following taxpayers for tax year...
determine the amount of the standard deduction for each of the following taxpayers for tax year 2017 a. Christina, who is single. b. A drain and Carol, who are filling a joint return. their son is blind. c. Peter and Elizabeth, who are married and file separate tax returns. Elizabeth will itemize her deductions. d. Karen, who earned $1100 working a part-time job. she can be claimed as a dependent by her parents. e. Rodolfo, who is over65 and is...
Determine whether the following taxpayers are eligible for the QBI deduction and the deduction amount (if...
Determine whether the following taxpayers are eligible for the QBI deduction and the deduction amount (if any). Cathy is married and files a joint return with her spouse. Cathy operates a small family restaurant as a sole proprietor. She pays wages of $70,000 and the QBI from the restaurant is $100,000. Cathy’s spouse has wages of $250,000 and their joint taxable income is $364,000. Is Cathy eligible for QBI deduction? Answer yes or no If eligible, how much is the...
Tax Drill - Computing the Standard Deduction Compute the 2017 standard deduction for the following taxpayers....
Tax Drill - Computing the Standard Deduction Compute the 2017 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. a. Margie is 15 and claimed as a dependent by her parents. She has $800 in dividends income and $1,400 in wages from a part-time job. $ b. Ruby and Woody are married and file a joint tax return. Ruby is age 66 and Woody is 69....
What standard deduction amount would the taxpayers in each scenario be entitled to? a. A single...
What standard deduction amount would the taxpayers in each scenario be entitled to? a. A single taxpayer, not head of household, with AGI of $23,493 and one dependent. b. A married couple filing jointly with AGI of $39,945 and two dependents. c. A taxpayer filing married filing separately with AGI of $68,996 and one dependent. d. A qualifying widow, age 66, with AGI of $49,240 and one dependent. e. A head of household with AGI of $14,392 and two dependents....
Compute the 2017 standard deduction for the following taxpayers. If an amount is zero, enter "0"....
Compute the 2017 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. a. Margie is 15 and claimed as a dependent by her parents. She has $800 in dividends income and $1,400 in wages from a part-time job. $ b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $10,000. $...
Compute the 2019 standard deduction for the following taxpayers. If an amount is zero, enter "0"....
Compute the 2019 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. a. Ellie is 15 and claimed as a dependent by her parents. She has $800 in dividends income and $1,400 in wages from a part-time job. $ b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $10,000. $...
Compute the 2019 standard deduction for the following taxpayers.
Compute the 2019 standard deduction for the following taxpayers. a. Ellie is 15 and claimed as a dependent by her parents. She reports $800 in dividends income and $1,400 in wages from a part-time job. b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $10,000. c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income...
Determine the amount of the standard deduction allowed for 2018 in the following independent situations. In...
Determine the amount of the standard deduction allowed for 2018 in the following independent situations. In each case, assume the taxpayer is dependent of another taxpayer. a. Mason, aged 18, has income as follows: $1,900 from a paper route and $10,800 from repairing computers. $ b. Emma, aged 17, has income as follows: $950 in cash dividends from a stock investment, $5,100 from providing dance lessons, and $1,700 from babysitting. $ c. Samuel, aged 13, has income as follows: $100...
30.) Determine the amount of the standard deduction allowed for 2018 in the following independent situations....
30.) Determine the amount of the standard deduction allowed for 2018 in the following independent situations. In each case, assume that the taxpayer is claimed as another persons dependent. a.) Curtis age 18 has income as follows:$700 interest from a certificate of deposit and $12,200 from repairing cars. b.) Mattie, age 18 has income as follows:$600 cash dividends from a stock investment and $4,700 from handling a paper route. c.) Jason age 16, has income as follows:$675 interest on a...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT