Exercise 3-18 (Algorithmic) (LO. 2) Compute the 2020 standard deduction for the following taxpayers. If an amount is zer

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Exercise 3 18 Algorithmic Lo 2 Compute The 2020 Standard Deduction For The Following Taxpayers If An Amount Is Zer 1 (67.87 KiB) Viewed 84 times

Exercise 3-18 (Algorithmic) (LO. 2) Compute the 2020 standard deduction for the following taxpayers. If an amount is zero, enter "0". Click here to access the standard deduction table to use. a. х Ellie is 15 and claimed as a dependent by her parents. She has $1,450 in dividends income and $2,320 in wages from a part-time job. b. $ х Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $11,650. c. х Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $150, and her interest income is $290. d. $ 0 Frazier, age 42, is married but is filing a separate return. His wife itemizes her deductions.