Marco and Tatiana are married and file separate returns for 2022. Tatiana itemizes her deductions on her return. Marco's adjusted gross income was $18,000, his itemized deductions were $2,400. Neither have any dependents. Table for the standard deduction Filing Status Single Married, filing jointly Married, filing separately Head of household Surviving spouse Standard Deduction $12,950 25,900 12,950 19,400 25,900

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Problem 1-7
The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (LO 1.3, 1.5, 1.7)
Marco and Tatiana are married and file separate returns for 2022. Tatiana itemizes her deductions on her return. Marco's adjusted gross income was
$18,000, his itemized deductions were $2,400. Neither have any dependents.
Table for the standard deduction
Filing Status
Single
Married, filing jointly
Married, filing separately
Head of household
Surviving spouse
Standard Deduction
$
$12,950
25,900
12,950
19,400
25,900
Click here to access the tax tables.
Calculate Marco's income tax liability assuming the couple does not live in a community property state.
Transcribed Image Text:Problem 1-7 The Tax Formula for Individuals, Filing Status and Tax Computation, The Standard Deduction (LO 1.3, 1.5, 1.7) Marco and Tatiana are married and file separate returns for 2022. Tatiana itemizes her deductions on her return. Marco's adjusted gross income was $18,000, his itemized deductions were $2,400. Neither have any dependents. Table for the standard deduction Filing Status Single Married, filing jointly Married, filing separately Head of household Surviving spouse Standard Deduction $ $12,950 25,900 12,950 19,400 25,900 Click here to access the tax tables. Calculate Marco's income tax liability assuming the couple does not live in a community property state.
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