Compute the taxable income for 2019 in each of the following
independent situations. Click here to access the standard
deduction table to use if required.
a. Drew and Meg, ages 40 and 41, respectively,
are married and file a joint return. In addition to four dependent
children, they have AGI of $125,000 and itemized deductions of
$27,000.
AGI |
$125,000 |
Less: (itemized deduction/standard deduction) |
|
Taxable income |
$ |
|
b. Sybil, age 40, is single and supports her
dependent parents, who live with her, as well as her grandfather,
who is in a nursing home. She has AGI of $80,000 and itemized
deductions of $8,000.
AGI |
$80,000 |
Less: (itemized deduction/standard deduction) |
|
Taxable income |
$ |
|
c. Scott, age 49, is a surviving spouse. His
household includes two unmarried stepsons who qualify as his
dependents. He has AGI of $75,000 and itemized deductions of
$10,100.
AGI |
$75,000 |
Less: (itemized deduction/standard deduction) |
|
Taxable income |
$ |
|
d. Amelia, age 33, is an abandoned spouse who
maintains a household for her three dependent children. She has AGI
of $58,000 and itemized deductions of $10,650.
AGI |
$58,000 |
Less: (itemized deduction/standard deduction) |
|
Taxable income |
$ |
|
e. Dale, age 42, is divorced but maintains the
home in which he and his daughter, Jill, live. Jill is single and
qualifies as Dale's dependent. Dale has AGI of $64,000 and itemized
deductions of $9,900.
AGI |
$64,000 |
Less: (itemized deduction/standard deduction) |
|
Taxable income |
$ |
|