Alicia, age 27, is a single, full-time college student. She earns $13,200 from a part-time job and has taxable leductions are $845. able for the standard deduction Filing Status Standard Deduction Single $12,550 Married, filing jointly 25,100 Married, filing separately 12,550 Head of household 18,800 Qualifying widow(er) 25,100 Calculate Alicia's taxable income for 2021.
Alicia, age 27, is a single, full-time college student. She earns $13,200 from a part-time job and has taxable leductions are $845. able for the standard deduction Filing Status Standard Deduction Single $12,550 Married, filing jointly 25,100 Married, filing separately 12,550 Head of household 18,800 Qualifying widow(er) 25,100 Calculate Alicia's taxable income for 2021.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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
$12,550
Married, filing jointly
25,100
Married, filing separately
12,550
Head of household
18,800
Qualifying widow(er)
25,100
Calculate Alicia's taxable income for 2021.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe7269338-1a9f-4b6b-a181-cfa2a387b91f%2F8e908f0d-d443-4d9a-be63-fc329cca5968%2Fzbxj75a_processed.png&w=3840&q=75)
Transcribed Image Text: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
$12,550
Married, filing jointly
25,100
Married, filing separately
12,550
Head of household
18,800
Qualifying widow(er)
25,100
Calculate Alicia's taxable income for 2021.
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