Mr. and Mrs. Twig are both under 65 years of age and have no dependents. Their only income for the year was his salary of $35,000. During the year they made only a nominal amount of disbursements of the type that qualify as itemized deductions. What is their standard deduction on a 2018 joint return?

Mr. and Mrs. Twig are both under 65 years of age and have no dependents. Their only income for the year was his salary of $35,000. During the year they made only a nominal amount of disbursements of the type that qualify as itemized deductions. What is their standard deduction on a 2018 joint return?

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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