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Exercise 3-21 (Algorithmic) (LO. 2) Compute the standard deduction for the following taxpayers. If an amount is zero, enter

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Answer #1

a. The standard deduction is larger of 1,050 or the dependents earned income +$350

1600+350= 1,950

b. 2,600

c.1,050

d. 12,000

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