Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $40,680, no salary reductions for employer-provided benefits, and no itemized deductions. Assuming the single parent taxpayer's filing status is Married Cilina Jointhu or Supriving Spouce the taxnavor'c standard doduction for the 2017 tay voar is Dound to the nearest dollar.) Click the following link for a standard deduction table. E Data table Standard Deduction Amounts Filing Status Single Married Filing Jointly or Surviving Spouse Head of Household Married Filing Separately Personal Exemptions in 2017: $4,050 Child Tax Credit in 2017: $1,000 per child 2017 $6,350 $12,700 $9,350 $6,350 Print Done

Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $40,680, no salary reductions for employer-provided benefits, and no itemized deductions. Assuming the single parent taxpayer's filing status is Married Cilina Jointhu or Supriving Spouce the taxnavor'c standard doduction for the 2017 tay voar is Dound to the nearest dollar.) Click the following link for a standard deduction table. E Data table Standard Deduction Amounts Filing Status Single Married Filing Jointly or Surviving Spouse Head of Household Married Filing Separately Personal Exemptions in 2017: $4,050 Child Tax Credit in 2017: $1,000 per child 2017 $6,350 $12,700 $9,350 $6,350 Print Done

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter9: Individuals As Taxpayers

Section: Chapter Questions

Problem 4CE

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Compute the 2019 standard deduction for the following taxpayers. 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. c. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is 500, and her interest income is 125. d. Frazier, age 55, is married but is filing a separate return. His wife itemizes her deductions.
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Standard Deduction Amounts Filing Status 2017 Single Married Filing Jointly or Surviving Spouse $6,350 $12,700 Head of Household $9,350 Married Filing Separately Personal Exemptions in 2017: $4,050 Child Tax Credit in 2017: $1,000 per child $6,350
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