Question

Compute the 2019 standard deduction for the following taxpayers.

If an amount is zero, enter "0".

Click here to access the standard deduction table to use.

a.	Ellie is 15 and claimed as a dependent by her parents. She reports $650 in dividends income and $1,440 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 $12,560.	$
c.	Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $630, and her interest income is $650.	$
d.	Frazier, age 54, is married but is filing a separate return. His wife Emma itemizes her deductions.	$

Answer 1

Answer-

a-An independent will get a standard deduction Greater of $1,100 or Earned Income +350. Therefore:-

Standard Deduction= ($1,440+$350) =$ 1,790

b-Married and elders will get additional $1,300 each with a normal standard deduction of $24,400 for 2018:-

=$24,400 +( $1,300*2) = $24,400+$2,600= $27,000

c-A single elders will get an additional $1650 with a normal deduction of $12,200 for 2019 but dependency deduction will be adjusted:-

=(1,100) or ($630+ $350)+ (1,650)= $2,750

d-Frazier is not eligible to use the standard deduction and therefore must itemize, because he is married filing a separate return when his spouse itemizes deductions, Hence, deduction= $-