Compute the 2015 standard deduction for thefollowing taxpayers.a. Margie is 15 and claimed as a dependentby her parents. She has $625 in dividendsincome and $2,520 in wages from a part-timejob.b. Ruby and Woody are married and file ajoint tax return. Ruby is age 66 and Woody is69. Their taxable retirement income is $11,390.c. Shonda is age 68 and single. She is claimedby her daughter as a dependent. Her earnedincome is $600 and her interest income is$785.d. Frazier, age 48, is married but is filing aseparate return. His wife itemizes herdeductions.

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a. Margie is 15 and claimed as a dependent by her parents. She has $625 in dividends income and $2,520 in wages from a part-time job.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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